The NYT recently hosted a debate on whether teachers are *overpaid*. You need to consider

(1) the value of tenure, pension benefits, and health benefits for both current and retired teachers
(2) summers off
(3) the fact that education is one of the easier majors.

http://www.nytimes.com/roomfordebat...re-than-they-would-in-the-private-sector
Are Teachers Overpaid?
New York Times
JANUARY 2, 2013, 3:38 PM