Scarcity, Opportunity Cost and Competition impact our decision-making moment to moment. This makes economics the basis of life as we know it, after God. Nothing that people value is free, someone pays the cost. To gain that thing of value, scarce resources are given up and cannot be given up again for a different thing of value. And we all are competing to capture those scarce resources.
Friday, February 19, 2010
Teachers - Unions - Budgets and US
I am a teacher in a public school in Michigan. I teach students about economics. This is a story about teachers, and economics. Very interesting... Just click the title (above). Long story shorter, I am an over-paid teacher. There is no debating this from an empirical stand point. If some want to demagogue the issue, this is a free country. However, they are wrong. My principal woud have hundreds of resumes from qualified teachers on his desk in a week should I be hit by a bus. Don't mistake my actions, I am very happy and thankful to be cashing those checks. (Like today, payday.) Lastly, the salaries and compensation packages of all public 'servants', of those who are paid with tax dollars, are available in your school district's administrative offices. Becareful, you'll be stonewalled by the staff asking inane and obstructive questions about your motivation and reason for this inquiry. Just say, "FOIA". (Freedom Of Information Act)
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Share your unique economics experiences. What did you have to give up to gain that which at the moment seemed so necessary to you? Imperfect information spanked you and now diminishing marginal utility smacks you upside the head, eh?