[caption id="attachment_90807" align="alignleft" width="150" caption="Teachers are actually overpaid by at least 50 percent of their fair-market value, the paper argues."][/caption]

A new policy paper from the Heritage Foundation, a conservative think tank that espouses free-market principles, argues that—contrary to popular opinion—teachers aren’t underpaid. Instead, the paper says, teachers are actually overpaid by at least 50 percent of their fair-market value, costing American taxpayers more than $120 billion each year in excessive labor costs.

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