Earlier quoted context omitted.
Further, if a student can get a diploma without work, then the diploma does not have value anymore. If diplomas are no longer valuable, the signal they provide in the labor market will turn into noise. If employers no longer look for the diploma-signal in an employee, what will be the reason an employer will hire an employee? I think this story will become true, and society will radically shift into one where critica…
Why wouldn't the shift to be to raise the standards of the schools?
The Harvards will be fine, though. But I guess that will raise the standards naturally.