I don't see how paying teachers more solves any of these issues:
"The advent of remote learning during the pandemic altered students’ routines and led many to conclude that in-person attendance was optional. School districts have eased grading policies that penalized students for missing class or turning assignments in late, further reducing incentives to attend. After years of Covid quarantines, parents are more inclined to keep kids home for minor illnesses or mental-health issues. Technology isn’t helping: There’s evidence that absenteeism had already begun rising in the years before the pandemic, coinciding with the explosion of smartphone and social-media use among children — which increased distractions and weakened students’ connection to school. Those problems only worsened while schools and other activities were shut down."
These are all solvable with parents and policy which should not cost any more money.