You may have heard: Chicago teachers are on strike.

Some facts you may not have seen (unless, of course, you’ve been reading the Foundry): the average Chicago teacher makes $71,000 a year before benefits. That’s $24,000 more than the average Chicago resident, and second only to New York City in teachers’ salaries.

Yet unions are demanding a hefty raise – though they’ve backed down from their initial demand for a 30 percent pay hike. And this is in a city where only 15 percent of fourth graders are proficient in reading, and only 56 percent actually graduate from high school.

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