Table 2
Share of salaried workers covered by the salary threshold, by education, 1975 and 2013
| (1) Share of salaried workers in 1975 under the 1975 threshold ($984) | (2) Share of salaried workers in 2013 under the 2013 threshold ($455) | (3) Share of salaried workers in 2013 who would have been under the 1975 threshold ($984) | (4) Salary threshold in 2013 which would have covered the same share of workers as in 1975 | (5) Share of salaried workers in 2013 who would have been under a threshold of $1,122* | |
|---|---|---|---|---|---|
| All | 65% | 11% | 47% | $1,327 | 54% |
| Less than high school | 85% | 48% | 88% | $900 | 92% |
| High school | 75% | 20% | 69% | $1,100 | 75% |
| Some college | 65% | 15% | 60% | $1,058 | 68% |
| College | 51% | 6% | 39% | $1,177 | 46% |
| Advanced degree | 36% | 4% | 27% | $1,153 | 34% |
* $1,122 is the weighted average (weighted by the size of the category) of the thresholds by education in column (4)
Note: A salaried worker is a worker who is paid on a regular schedule and receives a guaranteed minimum amount on each pay date regardless of hours worked.
Source: Author's analysis of Current Population Survey Outgoing Rotation Group microdata
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