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How many full time teachers could we have hired?

I was talking to Diane Laufenberg this afternoon, and we got on the subject of wasted money being spent in society. I had the idea that we should start a new meme. Basically, you take a public project, like this monstrous mistake for example, and equate the cost of the project to how many teachers could be hired for a year for the same amount of money. 

We'll assume that teachers make $100,000 per year including all benefits. It's a generous salary, but really not that outrageous overall, and some teachers actually make this much money (although most do not). For example, the completely insane project above would be 5,850 FTE (Full Time Equivalency) since the total cost of that public high school was $585 million dollars. It's a pretty simple calculation, you just divide the cost of the project by $100,000.

I think a separate hashtag for this would be useful, so I'm choosing #FTEED, which doesn't look like it is in use by anyone else. Ideally if you can find a picture of the project and post it to somewhere like Flickr, that would be helpful for creating presentations, but even links to stories would be useful. Please try and choose publicly funded projects which are arguably not necessary.

I'm going to start this project off with two tweets, and we'll see if we can other people involved.

Update: Heidi Hass Gable pointed out that a hole in my logic is that we would be comparing mostly 1 time costs with a continuing cost for the teacher. That's fine. I'm sure we can find enough wasteful projects to pay for the teachers for more than a year. Certainly when I start making totaling, I'll factor this issue into the equation.

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About David

David is a Formative Assessment Specialist for Mathematics at New Visions for Public Schools in NYC. He has been teaching since 2002, and has worked in Brooklyn, London, Bangkok, and Vancouver before moving back to the United States. He has his Masters degree in Educational Technology from UBC, and is the co-author of a mathematics textbook. He has been published in ISTE's Leading and Learning, Educational Technology Solutions, The Software Developers Journal, The Bangkok Post and Edutopia. He blogs with the Cooperative Catalyst, and is the Assessment group facilitator for Edutopia. He has also helped organize the first Edcamp in Canada, and TEDxKIDS@BC.

Comments

Dave-

Thanks for moving forward with the idea and I had the same exact thought pattern as Heidi as I was driving home yesterday. The thought I moved to though was... that one year of an influx of teachers equivalent to the $585 million would have an incredible impact if targeted properly. I would posit that a one year influx of 1000 teachers into the five most broken urban systems for one year - focused on k-2 classrooms to provide multiple teachers in the room to give very specific attention to our most eager and vulnerable learners... would be incredibly effective. I acknowledge that this isn't a solution or a systemic reform or particularly wise, but the thought exercise around what is important, what needs to be supported is valid. Thanks for getting this going.

Diana

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