I agree struggling for basic survival as a public servant is not ideal, but be careful not to turn education into a lucrative opportunity where people come for money not passion.
Money is certainly not the only way to attract talent (though teachers still need to pay their bills) and in most schools i've attended the talented teachers were just ridiculously hindered by the bureaucrats defining their program and agenda. David Graeber's talk "Manageurial feudalism and the revolt of the caring classes" comes to mind.
What exactly are the downsides of an increase in intelligent people competing for teaching positions?
Your other comment efficiently expresses my intuition on the topic.