Welcome to the Profit of Education website. Continuing the conversation begun in the book Profit of Education, we discuss the latest economic evidence on education reform.

Starting salaries in West Virginia

NCTQ reports on a story in The Journal that West Virginia’s state Senate has voted to raise the minimum starting salary for teachers from $27,917 to $43,000…by 2019.

First thing: Thanks West Virginia senators! You’ve taken a big, badly needed, step forward.

Second thing: A little context. I looked at salary data (from the most recent Current Population Survey) for college graduates under age 30 in West Virginia who work full-time. Add in a couple of percent annual inflation between now and 2019 and a rough guess is that the median competitive salary in 2019 will be about $50,500. (Mean salary estimated at $58,775.)

So good on ya, West Virginia senators. And here’s hoping you’ll do even more.

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