One of the reasons why I like Bloomberg's education reforms in New York is that it allows for a much greater degree of experimentation, which is good, because I think most would agree that we haven't figured out how to run a school most effectively and efficiently.
A recent New York Times Article, At Charter School, Higher Teacher Pay, detailed plans for a NYC charter school in Washington Heights, which hopes to attract high-quality teachers with a salary of $125,000 and bonus contingent on school performance -- that would double the average NYC public school salary.
The question is "Whether significantly higher pay for teachers is the key to improving schools."
The school’s creator and first principal, Zeke M. Vanderhoek, contends that high salaries will lure the best teachers. He says he wants to put into practice the conclusion reached by a growing body of research: that teacher quality — not star principals, laptop computers or abundant electives — is the crucial ingredient for success.