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The growing black-white wage gap is unexplained

There are few economic problems more frustrating than the stubborn gaps in wages and unemployment rates between blacks and whites. Despite decades of trying to reduce or eliminate these gaps, black workers continue to experience higher unemployment rates and lower wages than whites. That’s true even after correcting for age, education and occupational differences. This is not a formula for ...

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Why Macron doesn’t fear unions

The first street protests against Emmanuel Macron’s proposed labor market reforms have been underwhelming. Several major unions stayed away. Estimates of the turn-out varied—from 223,000, according to fairly reliable police figures, to 500,000, according to the CGT, France’s biggest union, which called for the march. Whatever the real number, French unions are divided, and this helps Macron’s reform efforts. This ...

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China’s switch to electric cars could be bolder

With China’s decision to phase out gas- and diesel-fuelled vehicles, the end is nearer for the internal combustion engine. For their nation to reap the full benefits of this revolution, Chinese leaders will need to continue to be bold. Nations that account for almost 80 percent of the world auto market are now planning or considering plans to end over ...

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