The FSA Will Not be Denied

Denninger’s take on the real FSA and their expectations.

From the second link:

The school board’s last offer included a three percent raise the first year and two percent raises the next three years — a slight increase from an earlier offer of two percent raises in each of the next four years.

The package, which would cost $400 million, keeps increases for experience and credentials with some modifications.

Vitale said the contract amounted to a 16 percent raise over four years for the average teacher when factoring other increases. And the raises could not be rescinded for lack of funds — which is what happened this past school year, angering teachers and helping to set the stage for Monday’s strike.

Sixteen percent eh? Never had one quite that big. I wonder what it’s like?

I know this is Chicago, but let me put this into perspective. In my semi-metro Atlanta county, our school board superintendent makes $250,000 a year before benefits and bonus.

In the private world, before I would pay a good executive this much cash, I would be setting forth metric upon metric with which to measure, beyond the shadow of a doubt, every success and failure that could possibly be measured.

With the public sector, this kind of comp is handed out because, “that’s what it takes to find good talent…”.

All, we have dug this hole ourselves. Your friends, neighbors, and yes, families are the ones you should be looking over your shoulders for. I ain’t kiddin’…

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