A couple quick points on a great article in The Wall Street Journal. First, do we really want a bunch of teachers teaching our kids whose primary outlook on life is to play it safe for forty years until retirement? Is that the kind of mentality we want instilled in our kids and entering into the market place?
Second, what would happen if the market for educational services was truly competitive? Suppose we encourage more private schools and for parents who choose private school, they are made exempt from paying school board taxes. That 74.2 cents in retirement and health care benefits for every dollar of wages paid to a teacher in Wisconsin would fall like a rock.