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Capital Takes All

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For more than four decades, the wages of most American workers have stagnated, while productivity has surged. Although a historically-low unemployment rate should be cause for optimism, a number of factors, unless addressed, will continue to suppress workers’ pay.

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    China’s Risky Endgame in Hong Kong

    Minxin Pei

    In 2017, Chinese President Xi Jinping declared that by the time the People’s Republic celebrates its centenary in 2049, it should be a “great modern socialist country” with an advanced economy. But following through with planned measures to tighten mainland China's grip on Hong Kong would make achieving that goal all but impossible.

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