What are you comparing with? Wages are not that low relative to the remainder of the developed world and student loans aren't that high outside the US. The US is the main outlier here, not the other way around.
Wages of English teaching are lower than jobs you can get in the US. Or for that matter tech companies, though it's fine if you work for an international company.
English teaching is a pretty obvious low-barrier outlier. Otherwise, you're confirming the US as your main point of comparison, without realizing the US is the primary outlier here. Compare the US to any other developed country and it becomes fairly evident why.
