There was a much weaker correlation between education and wages as recently as 1979: Relationship between state median hourly wage and share of state workforce with a bachelor's degree or more education in 1979

State Share of labor force with bachelor’s degree or more education Median Hourly Wage
WY 0.18 $17.48
AR 0.111 $12.15
NV 0.135 $15.60
MS 0.142 $12.02
LA 0.147 $14.65
WV 0.087 $16.47
IN 0.114 $15.39
KY 0.121 $15.02
OH 0.147 $16.88
SD 0.141 $12.48
ID 0.146 $14.86
OK 0.181 $15.17
UT 0.189 $15.78
AK 0.209 $24.54
SC 0.14 $12.52
AL 0.116 $14.22
TX 0.165 $14.72
TN 0.129 $13.57
IA 0.139 $15.10
AZ 0.195 $15.11
NC 0.137 $12.95
MT 0.183 $15.42
WI 0.151 $16.17
MI 0.13 $18.12
NE 0.144 $14.19
MO 0.175 $15.06
FL 0.142 $13.18
ME 0.15 $12.64
PA 0.144 $16.12
NM 0.162 $14.87
HI 0.183 $15.62
ND 0.163 $14.13
GA 0.159 $13.95
US 0.168 $15.52
DE 0.195 $15.86
OR 0.18 $17.25
RI 0.175 $14.59
CA 0.201 $17.33
WA 0.19 $18.19
MN 0.172 $16.18
KS 0.173 $14.81
VT 0.192 $13.50
IL 0.183 $17.44
NH 0.194 $14.41
NY 0.188 $16.23
VA 0.2 $15.00
CO 0.232 $16.64
NJ 0.183 $16.64
MD 0.217 $17.11
CT 0.22 $16.18
MA 0.198 $15.21

Source: Authors' analysis of Current Population Survey (CPS) basic monthly and CPS Outgoing Rotation Group microdata

View the underlying data on epi.org.