BY: Joy Pullman| Heartland Institute
One of the major problems with public education is that the desires of school staff and of families can work against each other. Often, what makes teachers comfortable degrades instruction. So here’s a novel idea that could change that: Convert ownership of each public school into stock options that a school’s employees would own.
Benjamin Scafidi runs some numbers and finds “Each teacher in [an] example is now $113,000 wealthier and part owner of a school.” That’s not a bad set of workplace perks. What’s in it for the kids? Scafidi explains:
Employee-owned schools would face a market test–students and the funds dedicated to their education would flow to the schools their parents deem best. If the employee-owned schools could not attract enough students, employee-owners would face a stark reality: They either would have to:
-improve the quality of their academic and social offerings,
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