Greg Mankiw's Blog: Hire Better Teachers
I don’t know much about this education business. So I can not comment how education system works. But education is business too so I agree, if you want to a good teacher for your kids you have to prepared to pay, the market price, market set the price, demand supply. Same as other professios. So that a good teacher can have six figures salary, an institution is called say” My University Ltd” then exactly same as other business enteritis. President, directors, mgrs i.e, if you have the magic potion allure number of students in your class and to contribute school profit then why not you should award handsomely.
