This is a guest post by Dave, who is also looking to retire no later than 45, but unlike Tim has no kids and doesn’t want any. Dave is from Ontario and is working towards his CGA certification.
I’m not sure how other people’s education systems are working, but in the province of Ontario things aren’t really going all that well between teachers and the government. The issue (from what I can see) is Bill 115 – apparently teachers don’t like the fact that they’re no longer allowed to negotiate wages or dispute the terms of agreements being imposed on them (I’ve read the whole thing, these seem to be the high points). From various facebook postings and news stories around teacher labour actions the feeling in the profession is that they have lost their constitutional rights.
Now, I understand that this is an early retirement blog, but I think that it also focuses on financial freedom. Here’s what I know about the current teacher dispute:
- Teachers are being forced to take a 1.5% pay cut through unpaid Professional Development Days.
- Teacher’s pay is being frozen for two years.
- Teachers are not allowed to dispute the deal through the courts, arbitration or otherwise.
- It seems like these kind of disputes, or something like them takes place at least every five years.
- People keep going to school to be teachers.
Here’s the thing, I work for the government of Ontario as well, for a crown agency. I am not unionized and have my wages dictated to me, with virtually no recourse. What I have noticed through the whole discussion from the teachers is that none of them seem to be quitting. If, in my position I decided I was underpaid and unappreciated, I would quit and find a different job. I guess I really don’t see the whole thing being as big a deal as it’s made out to be if there isn’t a mass exodus from the profession over the next five years.
The reason why I have a financial plan, as well as the reason I continued my education to attain an accounting designation was to increase flexibility over my career to not be stuck in a job.
I’m sure that most of the teachers who are mad at the government right now could find a job somewhere else in the workforce eventually, but I don’t think a lot of them have even considered this option (from the few I have talked to), or even have a plan B if things get worse in their job. Given the fact that there are going to continuously be labour disputes, if I were in this industry, I would start looking for an alternative plan sooner rather than later.
Would you stick around in this profession if you continuously got dumped on by both the government and the taxpayers? Do you have an alternative career path or an “out” from your current job?