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Obama Presidential Thread XIX: Starting a new chapter

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Re: Obama Presidential Thread XIX: Starting a new chapter

But if the supply is there, why shouldn't the sanitation workers be paid whatever the market bears, even if it's nowhere near six figures?

Everyone here understands capitalism. And in the business world it doesn't just work but it frankly works exceptionally well.

But there are also these things called public goods. The thinking is that these goods do not get acknowledged appropriately in the marketplace...and are therefore undervalued.

Education is the single most important controllable factor in American citizens ability to be productive...and worker productivity happens to pay directly or indirectly for most of the rest of our public services. Therefore government intervention is needed to ensure that everyone in the lower half of society gets a good education. And yes, ensuring quality delivery via teachers is among the most critical components of this strategy. So we need to ensure we install quality via evalution and performance requirements...but no, we should absolutely not leave the talent of our teaching pool up to market forces.
 
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