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Megan McArdle

Megan McArdle - Megan McArdle is a senior editor for The Atlantic who writes about business and economics. She has worked at three start-ups, a consulting firm, an investment bank, a disaster recovery firm at Ground Zero, and The Economist. More

Megan was born and raised on the Upper West Side of Manhattan, and yes, she does enjoy her lattes, as well as the occasional extra-dry skim-milk cappuccino. Her checkered work history includes three start-ups, four years as a technology project manager for a boutique consulting firm, a summer as an associate at an investment bank, and a year spent as sort of an executive copy girl for one of the disaster-recovery firms at Ground Zero … all before the age of 30.

While working at Ground Zero, Megan started Live From the WTC, a blog focused on economics, business, and cooking. She may or may not have been the first major economics blogger, depending on whether we are allowed to throw outlying variables such as Brad Delong out of the set. From there it was but a few steps down the slippery slope to freelance journalism. She has worked in various capacities for The Economist, where she wrote about economics and oversaw the founding of Free Exchange, the magazine's economics blog. She has also maintained her own blog, Asymmetrical Information, which moved to The Atlantic, along with its owner, in August 2007.

Megan holds a bachelor's degree in English literature from the University of Pennsylvania and an M.B.A. from the University of Chicago. After a lifetime as a New Yorker, she now resides in northwest Washington, D.C., where she is still trying to figure out what one does with an apartment larger than 400 square feet.

Should we pay teachers more?

By Megan McArdle
Sep 11 2008, 5:25 PM ET Comment

Almost certainly.  As Dennis Miller once said, the people in charge of our children's futures should not be worried about whether they can afford genuine Ho-Ho's or only stale generic knock-offs.

But while higher teacher pay will undoubtedly be necessary in my fantasy school-world, until there are major institutional reforms, it won't do any good.  Teacher pay is, like foreign aid, a necessary but not sufficient condition. The world will not eradicate polio without spending a lot of money on the task.  But that doesn't mean that the first order of business is to raise a bunch of money, and then hand it to doctors to figure out what to do with.  The first thing you have to do is build an organization that is capable of using the money to good effect.  Otherwise, you'll just get what you get out of most foreign aid efforts:  richer government employees.

I have no problem with richer government employees.  But I do not think that the primary job of government is to enrich them.  The government's job is to obtain we, the taxpayers, good value for money.

The school system is dysfunctional on all sides.  On one side, you've got a bureaucracy so terrified that a teacher will make a mistake that it sets up "everything not compulsory is forbidden" rules.  I'm not talking about forcing people to do things that they may not want to do, but which actually further the institution's goals, like implementing Direct Instruction.  I'm talking about detailed rules specifying how many bathroom breaks a teacher can take.  And the fact that each school is complying with so many state, federal, and local regulations that it's a wonder they can ever take a break from filling out forms to teach a class.  We're treating educated professionals like they're would-be criminals who need to be watched every second lest they steal the chalk.

On the other side, you have an equally bureaucratic union, and a set of job protection rules that make it virtually impossible to fire anyone for poor performance, or reward them for good.  I don't think anyone who has actually gone through the school system thinks that length of service is a good measure of teaching effectiveness, but that's how they're paid--seniority, and accumulation of usually thoroughly worthless educational credentials.  And unless they start molesting their charges, it's basically impossible to fire them.

We need to start treating teachers like professionals.  We need to start paying them like professionals.  And we need to start holding them accountable like professionals.  Doing one or two out of three won't improve anything, except perhaps some teacher bank accounts.


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