Andy Kessler: Professors Are About to Get an Online Education - WSJ.com
: "I began by pointing out that in 2011 only 7.9% of 11th graders in Chicago public schools tested "college ready." That's failure, and it's worse when you realize how much money is wasted on these abysmal results. Chicago's 23,290 teachers—who make an average salary of $74,839, triple U.S. per capita income and 50% more than median U.S. household income—cost Chicago taxpayers $1.75 billion out of the city's $5.11 billion budget. Why not forget the teachers and issue all 404,151 students an iPad or Android tablet? At a cost of $161 million, that's less than 10% of the expense of paying teachers' salaries. Add online software, tutors and a $2,000 graduation bonus, and you still don't come close to the cost of teachers. You can't possibly do worse than a 7.9% college readiness level."
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