This just struck me listening to an Adolescence inspired phone in on LBC about why men don't teach.
I currently live in the Eurozone and have adjusted currency at existing exchange rates.
I worked in a financial services career prior to doing.a stint in teaching. I currently run my own business.
I hated my job in FS, averaged about €80k inflation adjusted to today's money, no employers pension contributions. I worked ca. 2400 hours a year so €33/hour
In my decade in teaching I averaged around €70k, with the cash value of pension €85k and worked around 1950 hours a year, ca €43.50 an hour. I didn't like this job, but on balance found it prefesbke to FS.
I currently have about the same financial circumstances as I did in teaching running my own business. I now live in rural northwest Ireland where I bought a house for €80k.ma. few years back that'd probably be around €150k to buy now.
My BIL is a teacher here in Ireland (20 years experience, no extra responsibilities). He earns €75k for a 990 hour year, around €10k pension cash value so €85.5 per hour. Tax and non housing cost of living roughly balance out with the UK.I would be earning the same as him were I to contract teach here in a shortage subject. This is my plan B if the business environment worsens.
What I don't quite get is this. When I worked in FS people reacted to me as if I were, or was about to become, wealthy. A strange mixture of unearned respect, jealousy and opaqueness, possibly brought about by a perception of income.
In teaching when I was in the London area, with the exception of an 18 month period around the 2008 financial crisis I got mostly patronised and asked "how I was finding the salary cut".
In the EU & Ireland I got mostly positive or neutral reactions to being a teacher, and now running a business.
Given the above figures and the massive additional impact of being able to live in locations with cheaper housing (most of the"better"fs jobs were in London or similarly priced cities it is hard not to conclude that people (especially those in SE England) ha e a very skewed perception of financial realities, and perhaps in some cases actually want to deduct perceived status points from those who have freer or better lives than them.