Teacher quality is the most important school-related factor influencing student achievement, and 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 analyzed two data sources from the Bureau of Labor Statistics to compare the pay of public school teachers with that of college graduates who work in other professions. Analyses found that despite a small improvement of 1.7% in teachers' average weekly wages, the relative pay penalty between public school teachers and college graduates in other professions remains large. Meaningfully boosting teacher pay requires targeted policy action by local and state governments, with support from the federal government, to improve funding for schools. Additionally, public-sector collective bargaining should be expanded, given the role of unions in advocating for improved job quality and a better pay.