Quote Of The Day

None of this is to say that that’s not in fact “the way it should be”. If we are to trust the Economic Policy Institute, a union-funded think tank overseen by big-labour bigwigs, Ohio public-sector workers earn less than allegedly comparable private-sector workers. Surely it’s true that government lawyers make less than their private-sector peers. But I suspect that a good deal of EPI’s “controlling for education level” conclusion involves a boatload of masters degrees in education, and I’m sceptical that the “market value” of a masters in education approaches what teachers with MAs are paid. Furthermore, I suspect the value of high job security, early retirement and low income volatility ought not to be underestimated, but are by studies like EPI’s.  ” — Economist Blog

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