Seems right to me, given the job prospects for someone whose talent is speaking two languages. Do you think the market for Italian / English specialists is super hot?
Leaving everything to be decided by market factors definitely has it's flaws. There should be room for authorities\patrons to intervene and prevent a certain skill set from being wiped out because it doesn't make business sense to preserve them.
It's not being "wiped out", it's being scaled down to sustainable levels.
If "the authorities" protect price levels for every job that is in a larger supply than demand, that money goes straight out of the pockets of the people who perform jobs that are in demand, i.e. the people performing the tasks that are needed the most by all the other people.
You have a less efficient economy as a result, which makes people poorer on the average.
Sure, not everything should be left to market forces, but there should usually be a reason to interfere with market forces—what reason do you propose for this case? Italian-English bilingualism is not in the least a rare skill that needs to be prevented from being wiped out.
I would argue the primary qualification of teaching Italian is knowing Italian, but yes, many other skills are involved. Every job that exists requires a multitude of skills, but there is usually a primary skill. I would disagree that I was being “reflexively dismissive” and given the following commentary and upvotes, would appear a majority agree than disagree. But I appreciate your opinion.
Reflexively dismissive comments often get lots of upvotes, especially when the dismissal expresses a common prejudice. That is a weakness of the upvoting system, not evidence of goodness in a comment.