Earlier quoted context omitted.
there is a way of expressing respect in market economies, it's called money.
Money will not overcome the "those who can't, teach" sentiment that runs quite strongly in the US. There is a very strong anti-intelligence (not merely anti-intellectual) sentiment in this country. It will help, and we should certainly pay teachers more, but it isn't the whole solution.
If teaching was like a FANNG tech job, with limited availability due to demand and salary, then it would be "discovered" to be prestigious and valuable and important.
And moreover, everyone would be free to come up with their own performance management BS because you'd actually have the glut of incoming talent that supports failures removing people from the industry (or screw it up so bad that despite the money no one bothers - also a FANNG phenomenan).