Teacher quality is the most important school-related factor influencing student achievement. Closing the growing pay gap between teachers and other college graduate professionals is critical to public education. This report provides an update to a series that has tracked public school teacher wages and compensation over the last two decades. Because public school teachers must attain at least a bachelor's degree to teach in the U.S., this research compares the pay of public school teachers with that of college graduates who work in other professions. Documenting the widening divergence between the wages of teachers and their college-educated counterparts over time allows for a historical analysis of an issue that is critical to the future of the United States. Providing teachers with compensation commensurate with that of similarly educated and experienced professionals is necessary to retain and attract qualified workers into the teaching profession.