I left teaching and have, literally, 10x'd my annual income after a few years. While teaching, I couldn't afford to support my family of four.
We don't need people stressing and struggling financially for the privilege of teaching our youth. That leaves those without a better option or have a working spouse.
So that is why I said teachers should be compensated well but may be by other means than paying out a large sum as salary.
For example, if you were able to get free education for your children as part of your payment, wouldn't that have made your life a lot easier?