To help America's failing public education system return to its former glory, good educators should receive higher pay, US Secretary of Education Arne Duncan told CNBC Monday.
“Great teachers and great principals make such a huge difference in people’s lives,” said Duncan.
Duncan said the department has recently pumped $400 million in school grants into the education system, intended to pay teachers more money when they get better results from their students.
Such programs will help restore the US system that used to turn out millions of well-educated high school graduates who went on college, he believes.
“We have got to get dramatically better,” said Duncan. “We have almost 1 million students dropping out of high school each year in this country.”