A diploma's value comes from being a verifiable and reasonable proxy for the quality. Your hypothetical would destroy that value, so no. On the other hand, I d

A diploma's value comes from being a verifiable and reasonable proxy for the quality. Your hypothetical would destroy that value, so no. On the other hand, I do believe if you give a diploma to a person who doesn't have it, it will have positive impacts on the wage. Do you disagree?