Someone argue against/ find faults/ reply to/ completely attack/ scrutinise/ praise my previous long post which was slightly irrelevant please? Hahaha, I don't want it being a wallflower.
I originally responded, but then deleted it, because I rushed it (and basically I had no idea what the Liberal party is proposing with this PBP thing).
Basically, my whole opinion on the matter is that the education sector needs to be deregulated to provide for competition and incentives to improve quality of teaching (like almost everything). To help this, the government must abolish zoning laws (schools preferring local students) and help bridge information asymmetry by making it a legal requirement to publish education data and performance.
Why will this work?Schools will be accountable for their own quality of teaching. This means that parents will want to send their kids to the better schools. This means that schools must lift their standards in order to keep their customers (zoning discourages this)!
Obviously, a large factor of teaching standard is based on the teacher, and the principal (or whoever is in charge) will want to pick the best teachers. Some sort of "performance based pay" is necessary, but it should not be based on any government criterion, but at the discretion of the employer. The employer (the principal) can make his own judgement on which teachers deserve what pay. He or she can improve his pricing estimate by using "quality of teaching feedback" surveys on classes to get feedback and improve teaching quality.
If principals unfairly pay (undervalue) the teacher, the teacher will simply get a better job where his or her skills will be recognised.
This was a very step-by-step explanation of how the free-market works, and it doesn't skip the economic arguments and details like most of my other posts.