Lowest Paid Teacher Now Earns $63 Billion

It’s not April 1st, nor has this site become affiliated with The Onion. Teachers in Zimbabwe were awarded over a 1,000% raise, bringing their lowest paid teachers’ salary up to $63 billion (Zimbabwe dollars) per month.

Keep in mind that inflation is raging in Zimbabwe at roughly 1.7 million percent (though the government estimates it’s currently at 170,000%) so the lowest-paid Zimbabwean teacher would earn roughly $2,100 US dollars per month. The Zimbabwean teachers’ union has asked for $76 billion, and authorities in the country estimate that a family of six needs on average $100 billion per month to live on.

Big hat tip to Mike on this one.