It would need to be more than just competitive, it would probably need to be doctor-tier "I'm giving up my life plans for this salary in Alaska" level (which is what I assume it's like for foreign labor).
It's possible they can afford it. I would think they would need to double or more their education spending (~$2.77 billion (24/25), ~45% -> wages) state wide which would be most of what the Alaska Permanent Fund pays out per year ($3-4 billion) [4][5]
I imagine it would be politically very unpopular for obvious reasons.
[1] https://www.bls.gov/ooh/education-training-and-library/kinde...
[2] https://data.bls.gov/oesprofile/?major_group=250000&occupati... (increase records to see Alaska)
[3] https://www.schoolfinancedata.org/annual-reports/2024
https://www.schoolfinancedata.org/annual-reports/2025
[4] https://alaskapolicyforum.org/2025/06/alaskas-schools-are-ro...