A fair wage is what the market will pay. Unfortunately for most teachers, there is not a fair market, but a vise with government and unions on either side they’ve created for themselves. Also, when teacher salaries are evaluated at an hourly rate (30 hour weeks, 11-weeks of vacation per year), it’s not as bad as it seems.*

* My wife was a teacher, my parents were teachers, my aunts and uncles were teachers, my grandparents were teachers, my kids are in school and I deal with their teachers. I’m sympathetic to the profession, and have also watched how those steering the ship head right for the iceberg while telling everyone warming them that they aren’t educators so they couldn’t possibly understand. I’m fine letting them lie in the bed they’ve made while getting paid a zillion times more being an IC at a company on one has ever heard of.