Basically, the argument comes down to merit pay. By not wasting money on promotions to teachers that are ineffective, school performance will also see significant increases. With less governmental funding available, the completion for this money will rise. Many psychological and business studies have proven the efficiency of rewarding the highest performers and a means to overall improvement. There is also a moral aspect in merit pay reform. Good teachers deserve to be reward! They work hard to ensure that our kids are getting an acceptable education which is good for everyone!
For tons of helpful education information related to teacher pay and retirement check out the interview of John Musso (executive director of the Association of School Business Officials International--former teach and district CFO).
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