Agreed. Though in reality, a teacher with more than 10 years of teaching experience could get about 7 - 8k. Thereafter, it will depend on which track are you on.

For University lecturers, starting should be about 7 - 8k if you're lucky. If you get tenure, then its a different story. Long story short, highly competitive to be a university lecturer if you have no relevant industry experience or good post-doc stint with good publications to boot.