New Jersey teachers — at least in some circles — have the reputation for being overpaid. But a new report from the Economic Policy Institute argues that the opposite is true: Teachers, according to the institute, earn 16.8 percent less in weekly wages than other full-time workers in the Garden State — 12.5 percent less total weekly compensation (wages and benefits).
The institute also projects its estimates against annual salaries: Teachers earn $68,301 vs. $82,223 for full-time employees. The numbers are $95,703 vs. $106,912 for total annual compensation.
The EPI defines itself, at least in part, as “a nonprofit, nonpartisan think tank created in 1986 to include the needs of low- and middle-income workers in economic policy discussions.”