1min snip

"Econ 102" with Noah Smith and Erik Torenberg cover image

The 'Be Careful What You Wish For' Episode

"Econ 102" with Noah Smith and Erik Torenberg

NOTE

Investing in High Quality Teachers for Cost-Effective Education

High labor costs in education, characteristic of a wealthy country, contribute significantly to higher spending without commensurate outcomes. The focus on reducing class sizes by hiring more teachers has proven to be an expensive yet inefficient strategy, as the key lies in prioritizing high-quality educators and investing in their development. By rewarding good teachers with higher pay and allowing them to teach larger classes, it is possible to achieve better educational outcomes while managing costs effectively.

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