New ES report by school finance guru Marguerite Roza makes the uncomfortable but important point that there is a lot of money in education now that could be repurposed to greater effect within education. WaPo here. Similar to the point made by the recent Skills Commission report. To some this could appear as picking on teachers, and it will be framed that way, but the simple fact is that education is, by it’s nature, pretty labor intensive, and most of the $500 billion spent annually is tied up in labor costs. Consequently, pace our good friend Willie Sutton, that’s one place policymakers are going to have to look for funds. In other words, we need to get serious about financing education, but also about refinancing it as well. And, we have to take on what is a four letter word in many education circles, productivity. PS–Should have mentioned more clearly, repurposing money like this could mean more not less money for teacher salaries, this isn’t about slashing teacher pay…
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