Indiana school teachers’ pay ahead of inflation

A report issued today by The National Education Association shows salaries for public school teachers nationwide are not keeping pace with inflation, but pay for Indiana school teachers is ahead of inflation. The average salary for Indiana public school teachers for 2004-05 was $46,583, up 3.6 percent from the prior year. Inflation increased 3.1 percent. Nationally, the average salary increased 2.1 percent, to $47,674. The report says salaries will decline in coming years as Baby Boomer educators retire and new teachers enter the market at entry-level salaries. The industry may have trouble attracting talent to the market that pays entry level teachers an average of $30,000. New graduates in accounting are paid $45,000, engineers receive $47,000 and registered nurses make $39,000 out of college.

Source: IBJ Daily E-mail Newsletter

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