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Liberty October 14th, 2013 2:10pm

A new government-employed teacher in NC will be paid a base salary of $33,880 for approximately ten months of work. Which number better represents the new teacher's compensation arrangement?

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steelcity Pittsburgh
10/14/13 1:15 pm

The 40k number is an inappropriate accounting methodology. The teach will be able to choose the 34k over 10 months and get 33,880 a month and nothing in the two off months. Or over all 12 months for 2,823 a month.

steelcity Pittsburgh
10/14/13 1:16 pm

It is inappropriate to extrapolate the same earnings potential experienced during the 10 months to the 2 unpaid months as unless the teacher gets a second job, that additional earning potential will never be realized.

Liberty 4,032,064
10/14/13 1:18 pm

I agree with your statement. But you have to admit that using the $34,000 to compare it to other occupations is misleading.

steelcity Pittsburgh
10/14/13 1:21 pm

Not really. The job pays 34, often spread over 12 months.

Liberty 4,032,064
10/14/13 1:25 pm

But it's in exchange for ten months of work, rather than twelve.

The monthly compensation is $3,388, which over twelve months is $40,656.

It's not about how it's paid out; it's about how it's earned.

steelcity Pittsburgh
10/14/13 1:30 pm

So if I own a fishing boat and earn 50k in January and don't fish the rest of the year, a comparable job wage would 600k a year? No. The job is built around a 1 month season. The teaching job is a ten month season.

Liberty 4,032,064
10/14/13 1:33 pm

If you make $50,000 in a month, it would be ridiculous to compare that to someone making $50,000/year working all year.

steelcity Pittsburgh
10/14/13 1:35 pm

I'm not. I'm comparing someone who's profession is so regulated that they can only work for one month out of the year to someone who is unregulated working 12 months. They both make 50k a year.

Liberty 4,032,064
10/14/13 1:38 pm

Yes, they both make $50,000/year if the fisherman doesn't work for the rest of the year. But it would be horribly misleading to compare the two against one another.

steelcity Pittsburgh
10/14/13 1:41 pm

He can't fish the rest of the year because it's illegal. Just like the teacher can't teach under the same employment contract for the remaining to months.

It's understood that teachers get summers off, so no I don't think it's misleading.

Liberty 4,032,064
10/14/13 1:45 pm

It doesn't matter why they only work a portion of the year. The fact is that they do.
Someone getting paid $34,000 for ten months of work is not the equivalent of someone getting paid $34,000 for a full year of work.

steelcity Pittsburgh
10/14/13 1:48 pm

I don't think we are going to agree. They make the same annual pay, they are reasonably comparable to IMO.

MadCow Kansas Proud
10/14/13 8:59 am

This question sounds like it was written by someone who doesn't pay taxes or has held a full-time job.

Liberty 4,032,064
10/14/13 9:00 am

Well, I do both of those things, so...

MadCow Kansas Proud
10/14/13 9:06 am

So it's just a coincidence.

Do you have a thing against teachers, Because a salesman working on commissions only would never fit into the example you've described here.

Liberty 4,032,064
10/14/13 9:14 am

No, my wife will be a teacher after she finishes grad school this year.

I just think it's misleading to use the $34,000 number and call it "low pay" when $40,000 would be the appropriate number to compare it against others.

icytoes the tepid north
10/14/13 10:12 am

She can summer vacation in AK and make big bucks in a cannery :)

Liberty 4,032,064
10/14/13 10:19 am

I think she'll be happy staying home, haha. She hates the cold.

icytoes the tepid north
10/14/13 7:32 am

I guess if you were having an abstract discussion about annual salaries, then $40,656 would make more sense. If you were discussing the specific 10-month contract, tell it like it is.

Liberty 4,032,064
10/14/13 7:35 am

Agreed. The $34,880 is how much you actually get, but the $40,656 is more accurate when being compared with other jobs/salaries.

MadCow Kansas Proud
10/14/13 8:58 am

Why? Is the teaching mowing lawns over the summer?

Liberty 4,032,064
10/14/13 7:11 am

That's the best way I could think to word it, but I hope everyone gets the meaning.

Also, Show of Hands apparently doesn't like commas in answer choices.

MrLucchese If curious, ask.
10/14/13 7:23 am

Frustrating, isn't it? :P

Liberty 4,032,064
10/14/13 7:34 am

Sometimes, my friend.