There's an easy way to make teaching an elite profession: pay teachers more money. Simply instituting tougher entrance standards or limiting student funding will produce nothing other than a shortage of teachers. If, however, the pay for teachers were doubled, then there would be a surge in applications, and entrance standards would reflect this demand. That is, after all, how it works for other professions. Demanding higher standards, while offering zero incentive, defies common sense (or sensible economics) and really represents nothing more than an effort to shift the blame for educational outcomes from a society unwilling to pay to a workforce unwilling to work for poverty-level wages.