I am conflicted on this. One part of me think that they deserve a lot more compensation. But I am not really sure if that should be in the form of a salary rise.
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.
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?