25th February 2013
Don Boudreaux, a Real Economist, applies the logic of the Minimum Wage to academia.
In a bold effort to improve the educational fortunes of students who perform at academic levels significantly below the average of their peers, Congress has mandated a minimum grade to be assigned to each student in each course taught at any school in the country. Starting in September, it shall be unlawful for any teacher, professor, or instructor charged with assigning course grades to assign to any student a grade lower than C-.
Sponsors of the Fair Academic Standards Act decry the injustice that occurs each time a student earns a low grade, such as a D or an F. ”It’s impossible for students with ‘D’s and ‘F’s on their transcripts to succeed as they deserve in life,” remarked Sen. Bernie Franken, an Independent from Elitia. ”This law ensures that no American will ever again suffer that hardship.”