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School teachers are not paid much because there are too many of them and they are not very specialized.
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<p>Quite the sweeping generalization. A truly effective teacher who does their job well--not just another goober who needs a job and happened to get educated somehow (unfortunately more than needed are like this)--is very, very specialized in more ways than just the subject matter he/she is teaching.<<--unfortunately your economic laws don't account for this reality...because more often than not, these teachers are extremely underpaid in correlation to the actual net benefit they provide to their students (who go on to make positive changes in the world due to the effect of this "one special teacher" in first grade, etc.), while the Kenneth Lay's of the world are out providing a specialized benefit to society, taking us for MILLIONS!!!</p>