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Ahead of Juneteenth, now a federal holiday, Axios Re:Cap examines how America's economy remains marred by the legacies of slavery and racial discrimination.

Listen: We're joined by McKinsey & Co.’s Shelley Stewart III and Michael Chui to discuss a new report that digs into the economic inequities between Black and white Americans, including massive wage and wealth gaps, and what can be done to address them.

The economic consequences of slavery and discrimination

Median annual wages for Black workers are 30% lower than for white workers.

Economic inequality

Axios Re:Cap

<p>Ahead of Juneteenth, now a federal holiday, Axios Re:Cap examines how America&#x27;s economy remains marred by the legacies of slavery and racial discrimination.</p><p><strong>Listen: </strong>We&#x27;re joined by McKinsey &amp; Co.’s Shelley Stewart III and Michael Chui to discuss <a class="gtmContentClick" data-vars-link-text="a new report" data-vars-click-url="https://www.axios.com/wealth-gap-black-americans-mckinsey-f6816035-9ce8-4dfb-82c6-27ed8bfb1e92.html" data-vars-content-id="8f268c14-0f9b-42ed-ad66-8672b1bb84bf" data-vars-headline="The economic consequences of slavery and discrimination" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/wealth-gap-black-americans-mckinsey-f6816035-9ce8-4dfb-82c6-27ed8bfb1e92.html" target="_self">a new report</a> that digs into the economic inequities between Black and white Americans, including massive wage and wealth gaps, and what can be done to address them.</p><div><div><iframe frameborder="no" height="200" scrolling="no" src="https://playlist.megaphone.fm?e=AXIOS1119788551" width="100%"></iframe></div><div style="display:none"></div></div><span data-ad-status="NO_AD_LENGTH" data-ad-type="midStoryAd"></span>

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After a record economic expansion, the coronavirus pandemic sent the U.S. economy into a recession as unemployment soared to staggering heights. The country now faces urgent questions about how much stimulus is needed for reeling consumers and businesses, and what a recovery might look like.

Economy & Business

President Biden has made the COVID-19 crisis and a post-Trump return to national unity and traditional democratic ideals his top priorities. From vaccinations to stimulus to schools, Biden is seeking bipartisan compromise while showing a willingness to use executive authority and bare Democratic majorities in the U.S. House and Senate to implement his policies. Republican leaders are navigating deep party divisions over if and how to move beyond former President Trump.

The economic consequences of slavery and discrimination

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