I think that's a little vague. My impression is the following (in the US):
Many people will claim to respect teachers in the abstract. Charitably I think this is based on fond memories of their favorite teacher, less charitably based on a sense that respecting teachers is something people feel like they ought to be seen doing.
However, actually being a teacher (e.g. on a date) is not likely to garner a great deal of status relative to other professions.
Also, students generally don't seem to respect their teachers (but this is also vague).
Agree with the OP that the basic problem seems to be a vicious cycle (again, in the US).
It's even worse in here Italy -- ISTM that most people would agree that most teachers these days are incompetent.
If it's worth saying, but not worth its own post (even in Discussion), then it goes here.