America's teacher shortage, driven by low pay, is 'worse than we thought'

America’s teachers are paid poorly compared to other college graduates, a new study details — and that’s driving a “large and growing” teacher shortage that’s approaching a tipping point.

As a wave of disenchanted teachers take to the streets in protest around the country, a new report by the Economic Policy Institute (EPI) highlights a dearth of qualified educators in schools.

“When indicators of teacher quality (certification, relevant training, experience, etc.) are taken into account, the shortage is even more acute than currently estimated, with high-poverty schools suffering the most from the shortage of credentialed teachers,” the EPI wrote.

Detailing that “indicators that teacher pay is too low and declining,” the study issued a dire warning that “the teacher shortage is real, large and growing, and worse than we thought.”

Compared to other workers of similar education levels, skills, and experience, teachers are consistently paid less. The average salary of a teacher is currently $60,000 — but the differences between states vary greatly.

According to the National Education Association (NEA), the country’s largest teacher’s union, the average U.S. salary for a teacher just starting out is just under $40,000. Yet in Oklahoma, that figure drops substantially below that mark, to $32,000.

‘Crisis levels’

Teacher Bill Rhatican's class in his Advanced Placement US and Virginia government class at West Potomac High School in Alexandria, Virginia. (Photo: Rich Lipski/The Washington Post/Getty Images)
Teacher Bill Rhatican's class in his Advanced Placement US and Virginia government class at West Potomac High School in Alexandria, Virginia. (Photo: Rich Lipski/The Washington Post/Getty Images)

“As the President talks more and more about how ‘great’ the economy is, and how Wall Street has soared and we are smack dab in the middle of a Gilded Age, there’s more and more anger about the inequity,” Randi Weingarten, President of the American Federation of Teachers (AFT), told Yahoo Finance. The AFT is the second largest teacher’s union in the country.

The lack of pay is driving existing teachers out of the profession — while also failing to attract new educators.

“We have reached crisis levels,” Weingarten added. “There are over 300,000 teachers and other personnel who left — two-thirds of whom were before retirement.”

She added: “We are seeing teachers who aren’t credentialed in what they’re teaching and the plummeting of people who are going to teacher preparation schools.”

(Graphic: David Foster/Yahoo Finance)
(Graphic: David Foster/Yahoo Finance)

Moonlighting gigs increase

According to the EPI’s study, roughly 60% of U.S. teachers took on additional work during the 2015-2016 school year (the latest for which data is available) to supplement poor compensation. That’s an increase from the 2011-2012 school year, when 55.6% of educators that moonlighted in other positions.

Emma Garcia, one of the EPI report’s authors, noted that the additional jobs taken by teachers is work that’s in addition to their full time teaching responsibilities during the school year.