Despite working longer hours and experiencing higher levels of stress than professionals in other industries, teachers earn significantly less than similarly educated workers—a gap that’s grown even wider in recent years and that contributes to the high attrition rates that have plagued the profession for decades. Even more concerning are the effects of such attrition on students. Research has shown that, when schools experience high teacher turnover rates, it’s not just students with new teachers who experience the impacts; all students suffer academically . A new working paper by researcher Prasiddha Shakya of Colorado State University explores one possible approach to rectifying this problem by examining the impact of New Jersey’s $50,000 salary floor on student achievement, graduation rates, and college enrollment rates.