Taken as a whole, Ms Clinton’s plan is an eclectic grab-bag. It is as if her advisors brainstormed every possible policy to boost wages, and then kept them all. Some—such as greater investment in skills and infrastructure—are welcome. Wages, ultimately, reflect workers’ productivity. Ms Clinton is also right that the impact of technology on the labour market presents a huge and perplexing challenge for policymakers. But greater union power and more protectionism are comfort-blanket polices for which the economy—and most Americans—would pay a price in the long-run. Ms Clinton’s speech contained plenty of ideas. Perhaps when Mr Sanders exits the stage, some of the duds will be dropped.
Madison, which spends double the national average per student, plans to increase property taxes by 5% this fall.