> The fact that she is willing to perform her job for this salary and other benefits shows definitely that she values her compensation more than she values what

> The fact that she is willing to perform her job for this salary and other benefits shows definitely that she values her compensation more than she values what she could otherwise derive from any other opportunity open to her. If there were something else that increased her personal utility function more, than by definition, she would choose that alternative. The absence of such a choice demonstrates that this is the best available. Wouldn't you rather have higher salaries and a higher barrier to entry thereby increasing the quality of education? Does this fit into the theory of incentives and economics? For eg., it is well known that Wall Street hires some of the best brains in the country; wouldn't society as a whole benefit from some fraction of the best brains in the country working to educate future generations as opposed to just those people who are satisfied (or have no other choice) with what the school system pays?