Estimating the Cost of Education

I saw a post circulating Facebook that sardonically addressed some ‘real’ comments from Facebook about teacher salaries. That post, “Are you sick of highly-paid teachers?“, comes to the conclusion:

$1.42 per hour per student — a very inexpensive baby-sitter and they even EDUCATE your kids!

This doesn’t seem realistic at first glance, nor does it account for all the other factors that go into employing a person. Let’s be a bit more rigorous and understand the problem from the numbers side.

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