Your argument is effectively responding to the idea that "we don't find that pay package attractive enough to make us want to be teachers" by saying "but you're using the wrong word- you should look at compensation." Okay, then "we don't find that compensation package attractive enough."
I certainly don't think that just paying teachers more is going to fix anything. But the vilification of the profession, which the article laments and you effectively condone, is in my opinion a big distraction. I agree that tenure is not a perfect system, but neither is it entirely without its benefits. Until more progress is made on a more comprehensive response to education reform, attacking the teachers for not giving up their long-held rights seems a bit unrealistic.