Connect with us

Business

How much high school teachers earn in every state

Published

on

Teachercertification.com calculated how much high school teachers made in each state, using data from the Bureau of Labor Statistics. 
Share this:

How much high school teachers earn in every state

Teacher shortages are affecting schools across the U.S. at an unprecedented scale. Nearly three-quarters of district officials and principals have said there aren’t enough applications to fill open positions, according to a survey published in July 2022 by Education Week.

To study this trend, Teachercertification.com used data from the Bureau of Labor Statistics to calculate how much high school teachers made in each state. States are ranked by the percentage difference between the median annual income for high school teachers versus all occupations in the state. The ranking uses high school teachers’ actual annual salary as a tiebreaker. Data looks at secondary school teachers, excluding special education teachers and career and technical education teachers.

At a national level, high school teachers made about 30% more than the median for all occupations at nearly $62,000 per year. This data doesn’t account for differences in education or training needed for various jobs. Other BLS data shows that people with a bachelor’s degree earn about 23% more than the median for all occupations, and those with a master’s degree earn about 39% more.

Keep reading to learn more about the salaries of high school teachers across the U.S., the need for teachers in each state, and more.

Eastern High School in Washington, D.C

STUDIO MELANGE // Shutterstock

#51. Washington D.C.

– Median high school teacher salary vs. all occupations: 3% lower than overall
– Median salary for high school teachers: $77,570 per year
– High school teachers employed per 1,000 jobs: 4 teachers

Washington D.C.’s schools were already experiencing issues well before the COVID-19 pandemic, with teachers complaining about a punitive evaluation system, brutal working hours, and high turnover rates. The city is expected to experience a teacher turnover that’s higher than most states, according to a recent study from WalletHub, and its teachers already receive some of the worst pay in the country, taking into account the local cost of living.

School classroom with school desks and blackboard

maroke // Shutterstock

#50. North Dakota

– Median high school teacher salary vs. all occupations: 6% higher than overall
– Median salary for high school teachers: $49,730
– High school teachers employed per 1,000 jobs: 8

North Dakota’s teacher shortages span virtually all subject areas. Some schools lack science, math, and English teachers, according to the North Dakota Association of Colleges for Teacher Education President Stacy Duffield, who has a doctorate in education.

Female teacher in front of classroom

Monkey Business Images // Shutterstock

#49. Missouri

– Median high school teacher salary vs. all occupations: 21% higher than overall
– Median salary for high school teachers: $47,310
– High school teachers employed per 1,000 jobs: 9

The number of Missouri high school teachers in May 2021 was 24,080. In Missouri, the starting salary for teachers is around $25,000 a year, among the lowest in the U.S., and the average attrition rate in the state has been 11% for the last six years.

Empty high school classroom

WoodysPhotos // Shutterstock

#48. Arizona

– Median high school teacher salary vs. all occupations: 22% higher than overall
– Median salary for high school teachers: $49,280
– High school teachers employed per 1,000 jobs: 6

Arizona has been experiencing severe teacher shortages across the board. Here, the average salary for a starting teacher is $40,554, which is lower than the U.S. average. A projected 2,600 teaching positions were still unfilled by mid-September, well into the start of the 2022 school year.

Denver's historic North High School

Ted Alexander Somerville // Shutterstock

#47. Colorado

– Median high school teacher salary vs. all occupations: 23% higher than overall
– Median salary for high school teachers: $60,670
– High school teachers employed per 1,000 jobs: 7

Over the next five years, the University of Colorado Denver will utilize about $7 million in federal grant money for the expansion of a teacher preparation model for Colorado’s rural communities. The federal government has applauded this effort, touting it as an emerging program that’s getting results when it comes to addressing teacher shortages.

Male high school teacher standing at whiteboard

Monkey Business Images // Shutterstock

#46. South Dakota

– Median high school teacher salary vs. all occupations: 24% higher than overall
– Median salary for high school teachers: $48,100
– High school teachers employed per 1,000 jobs: 8

At the beginning of the 2022-2023 academic school year, this state was experiencing a teacher shortage, with 300 open teaching positions. Shortages include certified positions and non-certified staff such as paraprofessionals.

Teacher standing above a group of sitting students

Rawpixel.com // Shutterstock

#45. Montana

– Median high school teacher salary vs. all occupations: 24% higher than overall
– Median salary for high school teachers: $48,650
– High school teachers employed per 1,000 jobs: 9

Because of the rising cost of living in the state and teacher pay remaining much lower than the U.S. average, Montana has been experiencing both teacher retention and recruitment challenges. However, the state has been working to remedy this problem with the passing of the TEACH Act, which aims to incentivize schools to increase their starting teacher salaries.

A notebook, pens, books and glasses on table and students in background

AimPix // Shutterstock

#44. North Carolina

– Median high school teacher salary vs. all occupations: 24% higher than overall
– Median salary for high school teachers: $48,670
– High school teachers employed per 1,000 jobs: 6

At the start of the 2022-2023 academic year, North Carolina faced a teacher shortage. The best estimate of teaching vacancies was 4,400 for this fall, according to a survey that the North Carolina Superintendents Association carried out, with 98 superintendents out of 115 responding to the survey in August.

Group of students and teacher

Ground Picture // Shutterstock

#43. Indiana

– Median high school teacher salary vs. all occupations: 24% higher than overall
– Median salary for high school teachers: $48,940
– High school teachers employed per 1,000 jobs: 6

Indiana had 1,572 open teaching positions as of Sept. 1, 2022. Additionally, as of the same date, the number of vacant student support staff, office staff, or school leadership positions was 1,174.

Teacher with book and students in the background

AimPix // Shutterstock

#42. Minnesota

– Median high school teacher salary vs. all occupations: 25% higher than overall
– Median salary for high school teachers: $61,220
– High school teachers employed per 1,000 jobs: 6

Schools in Minnesota are currently at a breaking point. According to a paper released by Education Minnesota, many teachers are feeling that since the pandemic began, the Minnesota education system has been underfunded and ignored.

South Burlington High School in Vermont

Bob LoCicero // Shutterstock

#41. Vermont

– Median high school teacher salary vs. all occupations: 26% higher than overall
– Median salary for high school teachers: $61,130
– High school teachers employed per 1,000 jobs: 9

There are shortages in administrators and teachers in Vermont, but these numbers aren’t as high in areas like special educators, paraeducators, and substitutes. The approximate numbers of need for Vermont schools are 490 for substitutes, 485 for instructional support, 245 for special education, 122 for facilities, 115 for teachers, 82 for nurses, 55 for administrators (including superintendents, principals, and other leaders of education programs), and 22 for music.

Teacher assisting students on computers

Monkey Business Images // Shutterstock

#40. Hawaii

– Median high school teacher salary vs. all occupations: 26% higher than overall
– Median salary for high school teachers: $62,060
– High school teachers employed per 1,000 jobs: no data available

In the 2021-2022 academic year, only 51% of public school teachers who had been working for five years in Hawaii were still employed. In an effort to remediate the chronic teacher shortage problem in the state, since January 2020, Hawaii’s Department of Education has been compensating teachers in specific situations and roles with shortage differentials.

Science classroom with desks, tables, lab area, and biology models

B Brown // Shutterstock

#39. Kansas

– Median high school teacher salary vs. all occupations: 27% higher than overall
– Median salary for high school teachers: $50,150
– High school teachers employed per 1,000 jobs: 9

At the beginning of the 2022-2023 academic year, Kansas faced a teacher shortage that was building for years. In March 2022, the number of teacher vacancies in Kansas was around 1,400.

High school student giving a presentation in class

Daniel Hoz // Shutterstock

#38. New Hampshire

– Median high school teacher salary vs. all occupations: 27% higher than overall
– Median salary for high school teachers: $61,820
– High school teachers employed per 1,000 jobs: 8

The number of high school teachers in New Hampshire in May 2021 was 4,830. Like other states, New Hampshire experienced a teacher shortage at the start of this school year.

Empty high school classroom

milatas // Shutterstock

#37. Arkansas

– Median high school teacher salary vs. all occupations: 28% higher than overall
– Median salary for high school teachers: $48,650
– High school teachers employed per 1,000 jobs: 10

Because of the teacher shortage in Arkansas, teachers, students, and supporters went to the state capitol when Arkansas Democrats were in a special legislative session to raise teacher salaries. The plan was to create a $42,000 minimum teacher salary and a raise of $4,000 to Arkansas teacher salaries. However, this bill died in the House.

Exterior of brick high school

digidreamgrafix // Shutterstock

#36. Idaho

– Median high school teacher salary vs. all occupations: 28% higher than overall
– Median salary for high school teachers: $49,550
– High school teachers employed per 1,000 jobs: 10

Linda Clark, a member of the state’s board of education, said in June 2022 that schools in Idaho were facing an unprecedented, systemwide teacher hiring “crisis.” While Idaho public schools have historically struggled with finding special education, science, and math teachers, the same is now true when it comes to trying to hire elementary school teachers as well.

Students watching older male teacher

dotshock // Shutterstock

#35. Louisiana

– Median high school teacher salary vs. all occupations: 28% higher than overall
– Median salary for high school teachers: $49,710
– High school teachers employed per 1,000 jobs: 9

In Louisiana, the number of high school teachers in May 2021 was 15,600. But according to Cade Brumley, the Louisiana state superintendent of education, the state was still short 2,520 teachers as of late September 2022.

Teacher and students in science classroom

Monkey Business Images // Shutterstock

#34. Oklahoma

– Median high school teacher salary vs. all occupations: 28% higher than overall
– Median salary for high school teachers: $49,730
– High school teachers employed per 1,000 jobs: 11

In Oklahoma, there was a school staffing crisis well before the COVID-19 pandemic. This has been due to various reasons, including less interest in the profession of teaching, school spending cuts, and low teacher pay.

Busy high school hallway

Matty Symons // Shutterstock

#33. Tennessee

– Median high school teacher salary vs. all occupations: 28% higher than overall
– Median salary for high school teachers: $50,130
– High school teachers employed per 1,000 jobs: 7

Some of this state’s school districts barely have any certified teachers in their classrooms. In some Tennessee schools, teacher assistants, substitutes, and teachers who have free time are teaching students in a revolving team. In the 2019-2020 academic year, 24% of Tennessee’s student population was made up of Black students and only 11% of the state’s teachers were Black.

Teacher helping student with work

Monkey Business Images // Shutterstock

#32. Wyoming

– Median high school teacher salary vs. all occupations: 28% higher than overall
– Median salary for high school teachers: $60,900
– High school teachers employed per 1,000 jobs: 7

In May 2021, the number of high school teachers in Wyoming was 1,840. In recent years, Wyoming teachers have experienced stress that has been heightened by mask debates, COVID-19 tracking failures, and substitute shortages, which put teachers in a position where they had to work overtime.

Lockport Township High School

Nagel Photography // Shutterstock

#31. Illinois

– Median high school teacher salary vs. all occupations: 28% higher than overall
– Median salary for high school teachers: $61,680
– High school teachers employed per 1,000 jobs: 8

Illinois, like other states, saw a teacher shortage near the beginning of the 2022-2023 school year. When it came to Chicago area districts, superintendents said that there weren’t enough qualified people who were applying for open positions—with most of these open positions being for dual-language, bilingual, and special education teachers.

Teacher and students working by computers

DGLimages // Shutterstock

#30. Mississippi

– Median high school teacher salary vs. all occupations: 30% higher than overall
– Median salary for high school teachers: $47,350
– High school teachers employed per 1,000 jobs: 12

Mississippi deals with many of the same issues states in the South are experiencing in education. Along with Alabama, Florida, and New Mexico, Mississippi has attempted to preempt or address shortages over the last couple of years by raising the salaries of teachers.

Front view of classroom desks

panitanphoto // Shutterstock

#29. West Virginia

– Median high school teacher salary vs. all occupations: 30% higher than overall
– Median salary for high school teachers: $49,850
– High school teachers employed per 1,000 jobs: 6

West Virginia faced an intense teacher shortage at the beginning of the academic year. In 2021, the number of teacher vacancies in this state was 1,200, according to the West Virginia Department of Education.

Art teacher helping student

Monkey Business Images // Shutterstock

#28. Wisconsin

– Median high school teacher salary vs. all occupations: 30% higher than overall
– Median salary for high school teachers: $60,900
– High school teachers employed per 1,000 jobs: 6

Only weeks before the 2022-2023 academic school year, some of Wisconsin’s districts were struggling to fill many school staff positions. Regular teaching jobs were very low due to the pandemic as well as less interest in the teaching profession—but when it came to specialized classes such as home economics, tech education, and music, applications were essentially nonexistent.

Wide angle of a classroom full of students

Monkey Business Images // Shutterstock

#27. Michigan

– Median high school teacher salary vs. all occupations: 30% higher than overall
– Median salary for high school teachers: $60,980
– High school teachers employed per 1,000 jobs: 5

Even before the pandemic, school administrators in the state of Michigan were struggling to hire and retain teachers. Additionally, while shortages used to occur mostly in areas like science and math, shortages are now occurring in fields that used to experience a high number of applicants, like social studies and elementary school.

South Boston High School in Massachusetts

Education Images // Getty Images

#26. Massachusetts

– Median high school teacher salary vs. all occupations: 30% higher than overall
– Median salary for high school teachers: $79,120
– High school teachers employed per 1,000 jobs: 7

The number of high school teachers in Massachusetts in May 2021 was 24,900. When a check of the education jobs website SchoolSpring was done on Oct. 7, 2022, the number of classroom teaching jobs still available in the state was 4,383.

Social Studies teacher talks to sophomores

Portland Press Herald // Getty Images

#25. Maine

– Median high school teacher salary vs. all occupations: 33% higher than overall
– Median salary for high school teachers: $59,970
– High school teachers employed per 1,000 jobs: 9

School districts across the state are struggling to fill staff in many departments, although administrators are concerned the most about vacant support and teaching positions. There are many reasons why positions remain unfilled, including a lack of affordable housing availability.

Teacher at front of classroom

Drazen Zigic // Shutterstock

#24. Iowa

– Median high school teacher salary vs. all occupations: 42% higher than overall
– Median salary for high school teachers: $59,820
– High school teachers employed per 1,000 jobs: 7

In May 2021, the number of high school teachers in Iowa was 11,080. Iowa is experiencing a shortage in K-12 education positions like substitutes, bus drivers, and paraeducators.

Up angle of school classroom with school desks and blackboard

maroke // Shutterstock

#23. Delaware

– Median high school teacher salary vs. all occupations: 43% higher than overall
– Median salary for high school teachers: $72,600
– High school teachers employed per 1,000 jobs: 10

Around the beginning of the 2022-2023 school year, this state was facing a teacher shortage. To tackle this problem, Delaware leaders passed House Bill 315, which would provide funding for the hiring of substitute teachers who will teach temporarily in schools with higher needs. It would also implement the creation of professional development programs.

High angle of teacher and his students working on a poster

Pressmaster // Shutterstock

#22. Virginia

– Median high school teacher salary vs. all occupations: 43% higher than overall
– Median salary for high school teachers: $73,110
– High school teachers employed per 1,000 jobs: 7

Near the start of the 2022-2023 school year, Virginia was experiencing a teacher shortage. During the previous academic year, the number of vacant full-time teaching positions was 2,593.

Teacher lecturing at students behind computers

AlessandroBiascioli // Shutterstock

#21. Alabama

– Median high school teacher salary vs. all occupations: 44% higher than overall
– Median salary for high school teachers: $58,310
– High school teachers employed per 1,000 jobs: 7

Looking for a teaching job? Alabama has plenty. In the last several years, Alabama has attempted to preempt or address shortages by raising the salaries of teachers.

Group of students learning in classroom

Rawpixel.com // Shutterstock

#20. South Carolina

– Median high school teacher salary vs. all occupations: 44% higher than overall
– Median salary for high school teachers: $58,510
– High school teachers employed per 1,000 jobs: 7

South Carolina has long had a problem with finding enough teachers. In one county in the state, $10,000 signing bonuses are being offered to new teachers as a creative way of addressing this year’s teacher shortage.

Teacher handing out papers to students

Ground Picture // Shutterstock

#19. Utah

– Median high school teacher salary vs. all occupations: 44% higher than overall
– Median salary for high school teachers: $60,810
– High school teachers employed per 1,000 jobs: 6

According to a 2021 teacher retention performance audit of the public education system in Utah, it’s expected that schools will have a teacher shortage of nearly 200,000 teachers by the year 2025. Perhaps even worse, many districts in the state may not be able to retain their teachers for more than five years.

Teacher and her students using laptop during computer class in high school

Drazen Zigic // Shutterstock

#18. Nebraska

– Median high school teacher salary vs. all occupations: 44% higher than overall
– Median salary for high school teachers: $60,900
– High school teachers employed per 1,000 jobs: 7

Recent legislation has been passed to mitigate Nebraska’s teacher shortage problem. The state is providing some loan forgiveness to student teachers and loosening the restrictions in place regarding teachers’ ability to move to Nebraska from another state.

Sam Raeburn High School

Patrish Jackson // Shutterstock

#17. Texas

– Median high school teacher salary vs. all occupations: 44% higher than overall
– Median salary for high school teachers: $61,060
– High school teachers employed per 1,000 jobs: 8

School districts in the state had to use creative strategies to attract talent, such as changing to four-day workweeks and approving significant increases in pay. Additionally, according to a recent online survey of Texas K-12 teachers, most teachers had “seriously considered” abandoning the profession of teaching in 2022, which demonstrates a 19% increase in this sentiment compared to two years ago.

Group of students using laptop during computer lesson

Rido // Shutterstock

#16. Alaska

– Median high school teacher salary vs. all occupations: 45% higher than overall
– Median salary for high school teachers: $77,540
– High school teachers employed per 1,000 jobs: 8

Alaska has historically relied on recruiting its teachers from the contiguous states. According to the website of Alaska Teacher Placement, the number of jobs that were open in Alaska school districts as of July 2022 was 1,100. This included a variety of positions such as speech pathologists, counselors, language teachers, sports coaches, support staff, paraeducators, special education staff, and principals.

High school teacher with students in a biology class

Monkey Business Images // Shutterstock

#15. Kentucky

– Median high school teacher salary vs. all occupations: 46% higher than overall
– Median salary for high school teachers: $60,040
– High school teachers employed per 1,000 jobs: 6

In Kentucky, the number of high school teachers in May 2021 was 11,790. According to the Kentucky Department of Education, the percentage of current teachers who are at risk of quitting their jobs in the near future is 72%.

View of typical American school building exterior

littlenySTOCK // Shutterstock

#14. New Mexico

– Median high school teacher salary vs. all occupations: 46% higher than overall
– Median salary for high school teachers: $60,150
– High school teachers employed per 1,000 jobs: 8

New Mexico has been cited as an example of a state that has provided solutions that help in bringing teachers back to classrooms, such as permitting retired teachers to be substitute teachers, increasing school bus driver and teacher salaries, and asking that a paperwork committee help teachers with their paperwork. New Mexico also made it easier for new teachers by allowing those applying to teaching jobs to provide a portfolio instead of subject skills tests to demonstrate their teaching competency. The condensed four-day school week is also common in this state.

Group of students in science classroom

Rawpixel.com // Shutterstock

#13. Maryland

– Median high school teacher salary vs. all occupations: 46% higher than overall
– Median salary for high school teachers: $77,360
– High school teachers employed per 1,000 jobs: 7

According to the Maryland board of education, the number of teachers who left in 2022 was 5,516, with the majority resigning voluntarily. To attract more teachers, Maryland has offered teachers who were national board certified a pay bump of $17,000, and support for professional development credits that went toward the renewal of their educator certificate.

Rear view of teacher at front of the classroom

Monkey Business Images // Shutterstock

#12. Connecticut

– Median high school teacher salary vs. all occupations: 46% higher than overall
– Median salary for high school teachers: $78,100
– High school teachers employed per 1,000 jobs: 10

According to Donald Williams, the executive director of the Connecticut Education Association, the percentage of teachers leaving is as high as 20% in some districts. Connecticut has eased some of its regulations, such as allowing educators from a variety of states with valid, active certificates to quickly apply for and obtain a Connecticut certification.

Teacher with group of students working on digital tablet

goodluz // Shutterstock

#11. Washington

– Median high school teacher salary vs. all occupations: 46% higher than overall
– Median salary for high school teachers: $80,740
– High school teachers employed per 1,000 jobs: 4

Washington, like others on this list, faced a teacher shortage just before the start of the 2022-2023 school year. The district of Seattle Public Schools had 121 openings at the beginning of August 2022. Between April 2022 and August 2022, 606 teachers left their jobs as a result of transfers, funding changes, retirements, and resignations.

Science teacher Virginia Escobar-Cheng works with her students in a science class

RHONA WISE // Getty Images

#10. Florida

– Median high school teacher salary vs. all occupations: 47% higher than overall
– Median salary for high school teachers: $60,940
– High school teachers employed per 1,000 jobs: 6

Florida is experiencing a shortage of paraprofessionals, bus drivers, and other support staff. To deal with this problem, Florida has given temporary teaching certificates to untrained teachers and raised teacher pay.

Midsection of teenage classmates writing in book at desk

Tyler Olson // Shutterstock

#9. Georgia

– Median high school teacher salary vs. all occupations: 47% higher than overall
– Median salary for high school teachers: $61,640
– High school teachers employed per 1,000 jobs: 5

In Georgia, retirement rates for teachers have continued to outpace new trainee applications, and as a result, some districts in Georgia have increased incentives and pay to deal with shortages. Georgia has also made it possible for retired teachers to teach in the classroom again while keeping their pension benefits.

Teacher with students building robot

Monkey Business Images // Shutterstock

#8. Oregon

– Median high school teacher salary vs. all occupations: 47% higher than overall
– Median salary for high school teachers: $76,090
– High school teachers employed per 1,000 jobs: 4

Oregon dealt with employment problems by giving teachers emergency licenses. There were 438 emergency licensed teachers employed by school districts in the state, an increase from 181 the year before.

Busy and blurred high school hallway

Monkey Business Images // Shutterstock

#7. Rhode Island

– Median high school teacher salary vs. all occupations: 47% higher than overall
– Median salary for high school teachers: $76,880
– High school teachers employed per 1,000 jobs: 11

Experts say Rhode Island’s teacher pipeline is diminishing as fewer people aspire to become teachers. Only 478 completed their teacher training and 395 were certified in the state in 2021-2022, compared to 748 having completed their training and 600 being certified in 2017-2018.

Exterior view of an old brick high school in Phillipsburg, New Jersey

Cynthia Farmer // Shutterstock

#6. New Jersey

– Median high school teacher salary vs. all occupations: 47% higher than overall
– Median salary for high school teachers: $78,070
– High school teachers employed per 1,000 jobs: 8

New Jersey had many teachers leave as a result of pandemic-related retirements, burnout, and an aging teacher population. But the state is relaxing requirements for teacher certification. Newark, the state’s largest city, has announced that it will be offering higher base salaries, signing bonuses for teachers of subject areas that have had long-term vacancies, and referral bonuses to staff.

Female high school teacher standing teaching a lesson

Monkey Business Images // Shutterstock

#5. Nevada

– Median high school teacher salary vs. all occupations: 51% higher than overall
– Median salary for high school teachers: $63,730
– High school teachers employed per 1,000 jobs: 4

Near the start of the 2022-2023 academic year, Nevada faced a teacher shortage, with thousands of teaching jobs left vacant, according to officials. Some Nevada school districts addressed this problem by offering teachers retention bonuses, as well as offering relocation bonuses to teachers who moved from another state or more than 100 miles away.

Close up of book and teacher with student

Freedomz // Shutterstock

#4. Pennsylvania

– Median high school teacher salary vs. all occupations: 52% higher than overall
– Median salary for high school teachers: $76,290
– High school teachers employed per 1,000 jobs: 10

Pennsylvania lifted restrictions so that teachers who have licenses from other states can teach there. Chris Lilienthal, assistant director of the Pennsylvania State Education Association, said that the three leading factors of shortages are burnout, benefits, and pay.

Students with their hands up responding to their teacher

Rawpixel.com // Shutterstock

#3. Ohio

– Median high school teacher salary vs. all occupations: 62% higher than overall
– Median salary for high school teachers: $75,330
– High school teachers employed per 1,000 jobs: 11

In Ohio, the number of high school teachers in May 2021 was 58,040. One of the reasons for Ohio’s shortage is young people being less interested in pursuing teaching as a career. Enrollment in programs for teacher preparation in the state fell by almost 50% from 2010 to 2018.

Outside view of Massapequa High School on Long Island

Newsday LLC // Getty Images

#2. New York

– Median high school teacher salary vs. all occupations: 66% higher than overall
– Median salary for high school teachers: $97,340
– High school teachers employed per 1,000 jobs: 9

Rural, poor districts in New York often did not have strong teacher candidates for any subject, as well as a lack of special education and bilingual teachers. According to a report released by the Office of the New York State Comptroller in February 2022, nearly 2,000 teachers had left public schools in New York City during the pandemic.

High school students and teacher with laptop

Halfpoint // Shutterstock

#1. California

– Median high school teacher salary vs. all occupations: 67% higher than overall
– Median salary for high school teachers: $96,390
– High school teachers employed per 1,000 jobs: 6

California schools in wealthy neighborhoods often saw less teacher turnover, while a large number of districts in the state that serve many high-needs students experienced severe teacher shortages. California has addressed the teacher shortage by allowing teaching candidates that have taken certain approved college courses to skip subject matter and basic skills tests.

This story originally appeared on Teachercertification.com and was produced and
distributed in partnership with Stacker Studio.

Share this:
Continue Reading

Business

How the pandemic e-commerce surge spiked demand for truckers

Published

on

By

Truckinfo.net analyzed how retailers and truckers have adjusted to the evolving needs of consumers as e-commerce dominates the market.  
Share this:

Since the start of the COVID-19 pandemic, truckers have faced a series of circulating problems, including driver shortages and difficult working conditions. But the sharp increase in e-commerce in 2020 put a strain like no other on the industry.

In just one year, e-commerce—the buying and selling of products over the internet—surged 43%, the Census Bureau reports, growing from $571.2 billion in 2019 to $815.4 billion in 2020. That surge brought new pressure to the truck driving industry, adding to an already challenging driver shortage.

Truckinfo.net analyzed trends in e-commerce over the past few years and looked at how the spike in online shopping and business has affected the truck driver industry—and how retailers and drivers have adjusted.

Heading into 2023, challenges in the industry likely won’t ease, according to a forecast from Bloomberg Intelligence. Flatbed trucks, for example, are employed heavily for building material transportation, but the housing market has seen a sharp downturn as the Fed raises interest rates. And trucking companies will continue to suffer from supply chain troubles that limit their ability to add tractors to their fleets.

The truck driver shortage will also likely continue to bedevil the industry. The American Trucking Associations in October estimated the 2022 shortage at nearly 78,000 drivers, just shy of the historical record high of more than 81,000 in 2021. The association predicts that number could grow to 160,000 by 2031 if current trends continue.

Read on to learn more about several ways the trucking industry is facing some of its biggest challenges.

Delivery van loaded with cardboard boxes outside of logistics warehouse with open door.

Gorodenkoff // Shutterstock

How e-commerce changed the industry

With many sequestered to their homes during the pandemic, online shopping spiked, with consumers taking advantage of the convenience of items straight to their front doors.

The change created a surge in the need for short-haul truckers, and thus a shortage of long-haul truckers. More time at home and other factors make short-haul routes more attractive, according to a report from the Transportation Department. Long-haul truckers generally drive at least 250 miles for their services, while short-haul drivers often operate within a 150-mile radius, according to hiring site Indeed.

Bob Costello, the chief economist at the American Trucking Associations, told NBC News earlier this year that the average drive for a long-haul trip decreased from 800 to 500 miles in the past 20 years. Part of that change is because retailers that once only built distribution in three to five locations now have warehouses across the country, he said.

Stacked package boxes on pallet inside a truck.

Siwakorn1933 // Shutterstock

What a driver shortage really means

While many adapted to working remotely, truckers maintain an essential role in supplying our most basic needs. Without them, we’d have empty grocery stores, gas shortages, ATMs with no cash available, and medical supply shortages. Chemical shipments to water plants would cease, halting access to potable water, and garbage would litter the streets.

The growth of e-commerce has made the prospect of warehouse positions and short-haul loads with high pay appealing to many truckers, leaving huge gaps to fill in long-haul trucking positions. These short-haul roles are competitive and draw experienced drivers who prioritize higher salaries and the opportunity to do shorter trips to increase time spent at home.

Truckers move about 72% of U.S. freight by weight, according to the American Trucking Associations.

Truck driver in casual clothes driving truck.

Aleksandar Malivuk // Shutterstock

Competition between carrier companies

Large companies are taking full advantage of their budgets to increase pay and incentivize workers by offering sign-on bonuses and higher pay for shorter hauls.

With 1.9 million trucking carriers in the United States alone, the competition has become incredibly steep. The disparity is obvious: With 97.4% of carriers operating fewer than 20 trucks, corporate giants have saturated and overtaken the trucking market with large paychecks and fleets, Zippia.com reports.

Walmart increased competition earlier this year by rolling out increased salaries for their private fleet, with first-year drivers earning up to $110,000, over double the average pay for long-haul drivers, NBC News reports. Walmart employs 12,000 drivers in its fleet, making it the largest private trucking company in the U.S.

Silhouette of a large truck driving on a road at sunrise.

Janice Storch // Shutterstock

The rising costs of employing drivers

Turnover rates in the trucking industry are near record highs, as workers move between carriers, incentivized by higher pay and better hours.

These turnover rates do not necessarily indicate truckers leaving the field; rather, experienced and new truckers alike are taking advantage of the pay raises offered by private fleets, the American Trucking Associations says. These pay raises offer more accessible jobs to workers who have not received a college degree, paving a stable road to a middle-class lifestyle without the cost of a four-year educational program.

The president of the Women in Trucking Association, Ellen Voie, told NBC News that this is a positive for the industry, saying drivers are entitled to better benefits and flexibility due to the difficult nature of their work. Workers joining private fleets are able to enjoy work closer to home and can even acquire stock options at certain companies.

It’s no wonder that workers are taking the cost of their livelihood so seriously; dangerous conditions increased for drivers as they were forced to work long hours in often unsanitary conditions during the national COVID-19 emergency, with 7 out of 10 drivers reporting lower pay and dangerous working conditions in an April 2020 survey conducted by a coalition of national labor unions, Change to Win, the Los Angeles Times reports. These working conditions were combated with trucker strikes, posing a serious threat of disruption to the average civilian’s way of life.

Truck driver behind the wheel wearing a hard hat and safety vest.

DuxX // Shutterstock

Proposed strategies to resolve trucking industry issues in 2023

Lawmakers, employers, and the United States government have flocked to ease the stressors of the essential trucking industry. An October 2022 report by the American Transit Research Institute proposed strategies to combat critical issues. The top strategies involve recruiting younger drivers into the workforce. 

According to the Census Bureau, 30.3% of the trucking industry is composed of workers over the age of 55. Research done by the American Transit Research Institute found that 84% of Gen Z and millennial drivers are incentivized by company culture when it comes to working and staying with a motor carrier. 

In November 2021, the Drive Safe Act was signed into law, which included a national pilot test program allowing 3,000 18- to 20-year-olds to be trained in operating freight commerce across state lines. Due to high insurance costs for young drivers, not all fleets will be able to participate in the Safe Driver Apprenticeship Program.

Several moves by the Biden administration will also target an increase in driver hiring and retention, including a focus on veterans.

This story originally appeared on Truckinfo.net and was produced and
distributed in partnership with Stacker Studio.

Share this:
Continue Reading

Business

WEF 2023: A call for more cooperation from businesses, governments, and society through digital transformation

A short roundup of digital transformation topics discussed at this year’s annual World Economic Forum.

Published

on

WEF
Share this:

The World Economic Forum (WEF) is an annual event in Davos, Switzerland. Business, tech, government, and climate leaders speak and connect on strategies to improve the state of the world, specifically its industries, people, and environment.

Technology and digital transformation took center stage as leaders discussed exciting predictions for the new year. 

Curious about this year’s happenings? 

We’ve rounded up all the WEF topics where digital transformation was described as a top priority. 

Small businesses 

The pandemic made its mark on small businesses, but post-pandemic spending and inflation are proving just as destructive. The WEF concurs that a global recovery is only possible with small business recovery

The answer? Digitalization through:

  • Online payments: The e-commerce market is booming, estimated to jump over $2.1 trillion from 2022 to 2026. 
  • Global customer appeal: Digital financial platforms like Alipay+ help businesses access wider customer bases — a must after the latest local spending limitations from inflation. 

Luckily, 70% of businesses see the trend, leaning toward a higher-revenue (8X) future through digital transformation.

Manufacturing 

Manufacturing plants are faced with a double-edged sword in the face of exponentially innovative technology. They need to embrace it without sacrificing their workers or local investment. 

Adapting effectively means balancing the cost savings and scaling of macro supply chains with more local investment and empowering their workforces with new skills.

But the digital transformation necessary to balance all three comes from collaboration with:

  • Supply chain partners 
  • Competitors and industry players 
  • Government stakeholders 

The WEF also developed a tool to help manufacturing players monitor and apply supply chain disruptions from climate issues, new technology, and geopolitical tensions.

Technology investment to combat economic downturn 

Economic hardships drive companies to limit expenditures. A prominent WEF topic this year was digital transformation as a way to survive and soar over challenging business times.

How? 

For starters, SaaS and its automation, as well as ultra connectivity with wifi and 5G, limit redundancy and heighten collaboration and productivity. The trickle effect is a smoother customer experience and more revenue. 

It’s estimated that 60% of the GDP relied on digital technologies in 2022.

A strong sentiment surrounding this was a call for more public-private collaboration to make these technologies accessible to businesses and drive the economy, as well as government investment in connectivity infrastructure. 

Digital transformation and ESG

Businesses should strive to drive value in more than just economic matters. Just as information and data solutions have been prioritized, so have their ESG contributions. In the digital space, a large part of ESG is making the technology that so many businesses benefit from, accessible and equitable. That covers the S in ESG — as for the environmental pillar, IT capabilities are adapting tout suite. 

For example, edge computing supports animal observation and preservation in terms of data collection. 

The governance that brings everything together is becoming expected in new IT investments. Another ESG example here is Lenovo’s environmental assessments of their supply chains, including reducing their plants’ carbon footprint.

Emerging economies

Technology is slower to blossom in emerging economies, but global leaders concur on a need to invest in digitalization in developing countries. This launched the Digital FDI (foreign direct investment) to create “digital-friendly investment climates” — starting in Rwanda and Pakistan. 

At a most basic level, this includes investments to bring internet connectivity to poorer countries, a luxury that only 53% of the world has. The initiative will fund technology startups and innovators in Pakistan and Rwanda, propelled by investment and, arguably most importantly, public-private cooperation. 
Learn more about 2023 digital transformation trends.

Share this:
Continue Reading

Business

10 unexpected alternative investments in luxury goods

Published

on

By

Masterworks.io compiled a list of 10 unexpected luxury goods that are also used by investors as alternatives to traditional investments, according to sources such as Forbes and Harvard Business School.
Share this:

Take a note from financial advisers—don’t work for money, get your money working for you.

Investments in property are typical, as is purchasing hedge fund assets or even helping fund a startup venture that could become the next unicorn tech company. For many investors, once they’ve ticked off these boxes, they may be ready to look outside the box—or the stock market ticker, in this case—and consider some novel ways to diversify their portfolios and grow those three-comma-laden fortunes.

Masterworks.io compiled a list of 10 alternative investments in luxury goods, from different sources such as ForbesHarvard Business School, Investopedia, and Investor Junkie. For the well-off, having an enviable collection of jewelry, vintage cars, and limited-edition toys and fashion accessories may just come with the lifestyle; but for investors, these top-dollar purchases can also be a smart investment when chosen wisely. 

Close up of vintage wine bottles.

l i g h t p o e t // Shutterstock

Vintage wine

A good bottle of wine is synonymous with the finer things in life, but it could also be a valuable avenue to more riches. If an investor knows their grapes, they could end up with a cellar of tasty investments—one bottle recently sold at a fundraising auction for a record $1 million.

Wine is notoriously difficult to appreciate for the uninitiated, and if you’re more likely to notice the “nose” and “legs” on a person than a glass of wine, you may wonder how you’ll navigate the wine world.

There are wine exchanges where the well-heeled can follow and invest in certain wines, online auctions, and more exotic options like buying wine before it is even sold, something called buying “en primeur.”

A cellar full of top-quality vintages will undoubtedly draw admirers of exquisite taste, but remember, actually tasting these investments will drastically lower their value.

Leather Gucci brand handbag on display.

yu_photo // Shutterstock

Handbags

Designer handbags convey status and have the benefit, to those of a certain class, of being expensive. Sotheby’s reports the average auction prices for new Birkin bags in 2022 ranged from $12,000 to $23,000. If it’s hard to believe that one purse could be so expensive, consider that the smallest bags can be the most expensive bags.

For some, it may be arguable whether buying a fashionably expensive accessory is “an investment” or just an excuse to elicit the envy of other high-fashion devotees. In this case, though, that handbag may be worth the trouble. A report from Credit Suisse and Deloitte found that the financial return on Chanel bags was an 11.8% increase in 2021, and 38% for Birkin bags.

A display of Star Wars action figures: R2-D2, Hans Solo and C-3PO.

Krikkiat // Shutterstock

Mint-condition toys

Many people have childhood memories of being given that toy they’d been dreaming about, or the crushing disappointment of finding out they weren’t actually going to get it. Now that those children have gotten older, some finally have the resources to collect the toys they had dreamed about it as a child. Nostalgia pulls in many collectors as they finally get ahold of a toy they couldn’t quite get their hands on in younger years, or rediscover a beloved childhood toy that was long lost.

The money can be pretty substantial, too: An original Barbie sold for $27,450, an Obi-Wan Kenobi action figure from “Star Wars” was won at auction for $76,700, and a Super Mario Bros. NES cartridge sold for $660,000.

Be warned, though: Not all that brings joy is valuable. If you’re still holding on to that so-called “ultra-rare” Princess Diana Beanie Baby in hopes of funding a new private jet, you should know one recently sold for only $9.

Still life of flowers in a vase by Jan van Kessel held by Sotheby’s attendant.

Tristan Fewings // Getty Images for Sotheby’s

Fine art

The wealthy have stored value in fancy art for millennia, and recent years are no exception. Wealthy people spent an average of $242,000 on art and antiques in the first half of 2021, according to Forbes.

Also, if you believe elegance is about condensing value into a small space, fine art is a fantastic option. “When Will You Marry,” a 40-by-30-inch work painted by Paul Gauguin in 1892, sold for nearly $300 million, or about $250,000 per square inch.

This sort of fine art purchase isn’t just for aesthetics. If you ship that artwork to your home, you could be facing millions in taxes, so an investor will likely ship it to a tax-free storage site to avoid that tax burden and keep those dollars safely in their bank account.

White glove presentation of luxury watches.

sutsaiy // Shutterstock

Jewelry and watches

The arrival of the pandemic coincided with a spike in the value of vintage watches, according to GQ. New watches have pulled in serious modern-day dollars as well, like this watch from Jacob the Jeweler that lists for $620,000.

For those who sneer at the hoi polloi snatching up wrist candy, maybe rare jewels are more their speed. A pink diamond called the CTF Pink Star sold for over $71 million and a blue diamond sold for over $57 million.

Unlike wine or artwork, these are items you can actually use on a regular basis. If new money shouts and old money whispers, there’s no better way to broadcast your recent largesse than these sparkling acquisitions.

Cropped close up of a black Rolls Royce.

PHOTOCREO Michal Bednarek // Shutterstock

Classic cars

What if you could combine the graceful lines of fine art with the fun of toys? If that experiential portmanteau is what you seek, then look no further than classic cars.

Classic cars rev up the nostalgia and envy of others, and they can have serious value. A rare 1955 Mercedes 300 SLR sold for over $143 million in 2022 and a vintage red 1962 Ferrari 250 GTO sold for $48 million.

Leave it to the common folk to show off their fancy new cars on the internet, like this Pagani Roadster, which sells for a paltry $4 million. You know the journey to make all your Champagne wishes and caviar dreams really come true starts with the throaty purr of a classic engine.

A collection of vintage baseball cards.

Abigail McCann // Shutterstock

Trading cards

The company Verified Market Research says the sports card trading market was worth over $7.8 billion in 2021.

Investing in trading cards can be risky, as they don’t have the same intrinsic value of something like a car—which, even if valueless on the market, could still provide transportation—and so their values can fluctuate more. But you needn’t worry about such trivialities, as the stakes are small compared to other options: according to Yahoo, only two trading cards have ever sold for more than $6 million each.

Comic books on display at a retail store.

Eudaimonic Traveler // Shutterstock

Comic books

Even the moderately deep-pocketed can invest in comic books.

The record price for a comic book was a trifling $5.3 million in January 2022 for “Superman #1.” But the returns can be handsome. “Amazing Fantasy 15,” the comic book with the first appearance of Spider-man, sold in 2011 for $110,000 and sold 10 years later for $3.6 million, which is more than 31 times than the original investment.

Pair of Air Jordan sneakers with black background.

phil_berry r // Shutterstock

Sneakers

While children from earlier generations may have been enamored with Superman, the younger set shifted their idolatry from figures of fantasy to heroes on the parquet floors of basketball courts.

Perhaps, you think, instead of chasing collectibles deemed valuable in the past, you could look to where future interest may lie. And a growing category of collectibles is sneakers.

Michael Jordan, a fellow member of the three-comma club, not only became an international superstar, but also helped usher in today’s fascination with sneakers. So, it is fitting that the most expensive sneakers ever sold were his, a $615,000 pair from the first-ever Air Jordan line, released after his rookie season.

A digital display showing Bored Ape NFTs on $100 dollar bills.

mundissima // Shutterstock

Digital art, also known as non-fungible tokens or NFTs

Long gone are ideas of money being valuable because it is tied to a commodity like gold. Today we live in a world where money has value because someone says it does.

What better way to wrangle growth in your portfolio than by taking the concept of value to a further extreme: taking a digital file and giving it value because a record somewhere says you own it. Welcome to the world of NFTs, or non-fungible tokens.

While NFTs are tied with the cryptocurrency market, and 2022 has seen some rocky times in crypto, you can be sure that you’ll be joined by your fellow fiscally elite. According to Gadgets360, as of 2021, nearly 80% of all NFTs are owned by just a few investors.

This material is provided for educational purposes only. It is not investment advice and should not be the basis of an investment decision.

This story originally appeared on Masterworks.io and was produced and
distributed in partnership with Stacker Studio.

Share this:
Continue Reading

Featured