Well, the answer is super obvious and since everybody thinks I'm a jerk on the subject I guess I can say it and spare everyone else the hit to their reputation.
Teachers are paid a full-time salary for a 3/4 time job. On top of that, their benefits package bests most employers on Earth. They work a short career, accelerate to the top of the payscale very quickly (10 years) and we have no mechanism whatsoever to unburden the system of bad teachers.
That's why it's so high. No private company could be competitive giving the same benefits, salary scale, time off and retirement package to their entire workforce.
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