A Competent Federal Reserve Board Would Help the White Working Class

So would trade policy that was not designed to lower their living standards. Nicholas Kristof devoted his column to the worsening plight of white workers without college degrees over the last three decades. He notes that the share of prime age workers with only a high school degree who have dropped out of the labor force has quadruped since 1968.

This can be explained in part by the Federal Reserve Board to pursue polices that promoted full employment. When the economy did achieve low rates o...