Last week, Secretary of Education Arne Duncan was shrilling on behalf of the Chicken Little crowd that because of the Sequester 40,000 teachers would lose their jobs.
His claim was quickly debunked, but he left a lasting impression .. on me, at least.
“Dollars” don’t have emotional impact any more.
So, let’s start thinking in terms of full-time teacher equivalents (FTTEs).
Duncan got his estimate by assuming that an average teacher makes $70,000.
Maybe in Chicago they do.
But, according to PayScale.com the national average is in the mid-40s.
Let’s do a hard round for arithmetic convenience and call it $50,000.
Here’s what Kerry did, evaluated using the new metric full-time teacher equivalents (FTTEs) …
The Homa Files 