Yglesias seems to be flip-flopping here. First he posted how much teachers were getting paid as if it was excessive. Now he says they should get paid. I do think the financial industry has more of problem with rent-seeking than inner city teachers. As Kristof says, in the Chicago Public Schools "86 percent of the children are black or Hispanic and 87 percent come from low-income families."

Chicago's Teachers Are Pretty Well-Paid (As They Should Be) by Yglesias

Students over Unions by Nicholas Kristof