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Ben... the scam that Universities have going is not that they have greater number entering and leaving with a degree. Rather it is that they have huge numbers enrolled in first year and that number greatly reduces by year four.
First year general arts students are a cash cow but the attrition rates are huge.
I don't have a big issue with grad students teaching. It just depends on what they are teaching. I TA'd a class that where the prof was working on his master's degree. He knew what he was doing (even if he was a knob... but that's another story).
The thing is, as others have pointed out, basic knowledge is the problem of Elementary and High School. You shouldn't even be graduating High School if you can't meet these standards.
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"My hands are on fire. Hands are on fire. Ain't got no more time for all you charlatans and liars."
- Old Man Luedecke
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