North Carolina teachers start around $37k, averaging out later to $46k. Some counties are higher, some lower.
The pension plans are problematic, because many of them are under funded. For an older teacher about to retire this might not be an issue, but if you're 30 this seems like a much less certain deal.
Teachers are rarely compensated on an hourly basis, and when they are it probably doesn't count half of their hours.
Would your attorney charge you (in 5 minute increments) for a call at 7pm? You bet they would! But a call with a parent at 7pm nets a teacher nothing. Nor does preparation in the evening. Many teachers have exceedingly low classroom budgets as well, and are often forced to purchase supplies out of pocket.
The High School theatre teacher who is working on a play with students until 11pm every night for weeks and weekends isn't compensated on an hourly basis; or given overtime. Its just part of the gig. And that sucks.
I wouldn't mind being a teacher some day, as I love teaching; but unless I hit the startup lottery there's no way i can accept that level of compensation given my background, experience and skills. And even then, in a state like North Carolina that is more about rules than education, I can't see myself being able to last 3 days in that environment.
According to BLS, the median pay is $53,230 per year, which would be closer to $26.50 an hour, assuming a 40-hour work week.
http://www.bls.gov/ooh/education-training-and-library/high-s...
Maybe the Forbes article you're referring to about is only counting classroom hours, which is a pretty absurd notion. Teaching is a full-time job, and any figure based on an assumption to the contrary is going to be flawed. Not meaning to straw-man you, it's just that without a link to the article in question, I can only speculate where your figures come from.
Even if they don't work all 12 months of the year, is it feasible for a teacher to take another similar-paying job during the off months? If not, then hourly pay is not a good indicator of income. I can't imagine a person who is only going to be available for 2-3 months, and who has split responsibilities with classroom preparation, would be able to get a non-menial job to fill in the gaps, somewhere along the lines of $15/hour.
So taking $15/hr * 40 hours (optimistic) gives $600 per week, multiplied by 13 weeks gives $7800 for the summer. Add that to the $52000 estimate from BLS, and you get $59,800 per year, which averages about $28 per hour on average.
http://www.bls.gov/opub/mlr/2008/03/art4full.pdf
That's about $33.5/hour for wages alone. It also ignores the value of gold plated health care + pensions, etc.
Tuck in your pants. Your bias is peeking out.
(Edit after being downvoted, in an attempt to be more constructive): Seriously, you seem to have an animus against teachers having decent health care. What's your problem with that, and why do you feel it's appropriate to label their quite average health care plans as "gold plated", as if they were unfairly receiving more health care than they are entitled to?
Sorry, I have to get back to believing whatever the 1% wants me to believe.
http://www.nea.org/home/12661.htm
That certainly matches the teachers I've known; they put in a ton of non-classroom hours, and often put in a fair bit of their own money.
A Gates Foundation survey puts it at 53 hours per week:
http://www.washingtonpost.com/blogs/answer-sheet/post/survey...
And for teachers involved in extracurricular activities, the average is over 11 hours a day.
You'd have known all this if you bothered to read even the introduction.
And since the Gates Foundation numbers better match what every teacher I've ever talked to says, I'm going to run with them.
Since the source is Forbes I would strongly recommend scrutinizing the original data to see how they cherry-picked it. A disturbingly common deception tactic is to only count actual teaching time, which is akin to reporting a software developer's hours by focusing on time typing new code and ignoring testing, documentation, meetings, research, HN, etc. Similarly, you frequently hear "3 months vacation" bandied about when it's typically closer to 2 months and ignores weeks of district/school professional development, pre/post-year planning & prep, mandatory continuing education, etc. We typically have only one or two options for a two-week vacation during the entire summer break.
Teachers are actually some of the highest paid people in society. When you don't include benefits teachers make about $40/hr while engineers make $42/hr. If you do include benefits, a teachers compensation far exceeds that of an engineer due to their pensions. Source, BLS via Forbes.