So here’s my plan…Starting sometime, maybe for the 3rd quarter (look, just enough time to get momentum then be shooed away!) but probably for my eventual permanent classroom, I will run each of the classes as businesses. Students are employees. On the last page of each test/quiz I will have this check
Oh yeah — the points they earn will be their pay. Maybe they’ll get a bonus for volunteering in class, or a bonus if the group does well. Maybe if they help out enough and are good classroom employees, they’ll get a raise…who knows. And who knows what they can buy with their money — maybe homework
passes insurance. Do I introduce them to pre-tax deductions? You earned a gross of $100 (a dollar is a percent? — this is the amount that goes into the gradebook). Because you’re in the highest earning tier, you are taxed the most. Unless you invest in a … 401(k) … and lower your taxable income? Hmmm I could really get involved with this. You can buy failure insurance…you’re only allowed to retake a test if you pay a certain amount each month?! Sweet! I may be on to something…
And because my students will presumably be minors, the parents must sign it to deposit it into the account (gradebook). I don’t know the rest of the details yet, but I’m thinking I will have stock for each class, and the employees (students) can opt into buying stock in the class or diversifying into a a mutual fund of all the classes. They’ll have to pay rent for their seats, and they’ll only get so much vacation time per quarter (bathroom/water fountain etc…) I don’t know how complicated I want to get with it, but I like the general idea. Any thoughts, let me know. I’ll be tweaking it as the time comes. The good news is, I won’t be starting it for a while, so I’ve got plenty of time to think!