> I actually agree that the market doesn't seem to be clearing due to stingy education departments and state government. We should probably break their monopsony power by privatizing education.
If the state is still paying, they're still going to be stingy.
A private school has roughly the same administrative staff as a public school. Their buildings may be a little bit less expensive, as they probably can get away with less ADA accessibility. They probably don't pay into pensions and may not provide as nice of health care, so they may be able to move more of total comp into salaries, but they may also compensate their board members more. Word on the street is private school teachers get paid less and have less due process, but also have less stringent degree requirements and fewer mandates in their classroom. But they also get a lot more parental engagement, and a rather different cohort of students.
If the state is still paying, they're still going to be stingy.
A private school has roughly the same administrative staff as a public school. Their buildings may be a little bit less expensive, as they probably can get away with less ADA accessibility. They probably don't pay into pensions and may not provide as nice of health care, so they may be able to move more of total comp into salaries, but they may also compensate their board members more. Word on the street is private school teachers get paid less and have less due process, but also have less stringent degree requirements and fewer mandates in their classroom. But they also get a lot more parental engagement, and a rather different cohort of students.