Back in January, NPR’s Planet Money podcast ran an episode entitled How Much Is A Good Teacher Worth? On the episode, they argue that the difference between the best teachers and the worst teachers is huge in terms of earning potential of the students over the course of their careers.

While some of the findings may be questionable as far as correlating grades and test scores with future success, as a general rule, I think the concepts do hold true and definitely worth a listen.

On today’s podcast, we consider a plan to dramatically grow the U.S. economy. The plan has nothing to do with banks, stimulus, tax cuts or the Federal Reserve. Instead, the plan focuses entirely on — public school teachers.

Economist Eric Hanushek has been researching education and the economy for four decades. In a recent study, he tried to put a monetary value on good teaching.

Hanushek says a good teacher’s contribution to the economy could be as much as a half a million dollars per year.

If it works, you’ll be able to listen to the episode in its entirety below:

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Joel Wagner

Joel Wagner (@sywtt) began teaching band in 2002. Though he had a lot of information, his classes were out of control. He found himself tired, frustrated, disrespected by students, lonely, and on the brink of quitting. He had had enough. He resigned from his school district right before spring break of his second year and made it his personal mission to learn to be a great teacher. So You Want To Teach? is the ongoing story of that quest for educational excellence.