I wasn't referring to pay as evidence society doesn't want to pay for art, culture, education, etc. The low pay is one consequence of this fact. There is definitely an oversupply of teachers in the humanities and sciences. But it is true that funding levels per student are decreasing and that there is increasing pressure to 'streamline' the process. This is a buzz word for cutting out the unimportant stuff like art, music, etc. It's bad for society in the long run.