As you have already stated and I did also earlier, this is the same thing we hear time and again in respect to teacher's pay.
We can see how good that turned out.
I would support an increase in pay for judges only as long as they agreed to a 10 year term limit. Yes I know this would require a Constitutional amendment.
I am not sure I like the term limit idea. I would prefer life tenure, and while we are talking about our 'druthers, I'd like a requirement that the judge agree to take no other pay or compensation for life OTHER than his/her judge's salary and government pension (if any). I wouldn't like a judge to make decisions knowing that after a 10 year term is up, he can go to work for one or more parties who may have appeared before him in court. We see this in elected officials all the time after their terms are up, and I think it stinks.
On teacher pay, I would be happy to increase teacher pay to a level that would encourage talented teachers to teach, but I would want apprpriate testing or evaluation before giving them that pay. The crummy teachers could continue to receive their crummy pay, until talented teachers are available to replace them. My own thoughts are to consider returning to teaching after I retire from law practice (I taught high school for several years before going to law school). The pay would be a secondary consideration (I hope, if my practice continues with moderate success.)