4.4x
Effect of changing occupational composition on education and training requirements and wages, 2010–2020
| Job characteristic | 2010 | 2020 | Change 2010–2020 |
|---|---|---|---|
| Wages | Percent | ||
| Median annual wage (2010$) | $39,250 | $39,279 | 0.07% |
| Percentage-point change | |||
| Share of workers by multiple of poverty wage*: | |||
| 0–<100% | 28.3% | 28.0% | -0.3 |
| 100–<200% | 41.5% | 41.2% | -0.4 |
| 200–<300% | 17.5% | 17.7% | 0.2 |
| 300% and over | 12.7% | 13.2% | 0.5 |
| Education level needed for entry | |||
| Less than high school | 25.9% | 25.9% | 0.0 |
| High school diploma or equivalent | 43.4% | 42.6% | -0.8 |
| Some college, no degree | 0.6% | 0.6% | 0.0 |
| Associate’s degree | 5.6% | 5.8% | 0.2 |
| College degree | 15.5% | 15.8% | 0.3 |
| Master’s degree | 1.4% | 1.5% | 0.1 |
| Doctoral or professional degree | 3.1% | 3.2% | 0.2 |
| Training level needed for entry | |||
| Short-term on-the-job training | 40.7% | 40.4% | -0.3 |
| Moderate-term on-the-job training | 17.5% | 17.3% | -0.2 |
| Long-term on-the-job training | 4.9% | 4.8% | -0.1 |
| Apprenticeship | 1.8% | 1.9% | 0.1 |
| Internship/residency | 3.8% | 3.8% | 0.1 |
| None | 31.4% | 31.8% | 0.4 |
| Work experience needed for entry | |||
| Less than one year | 2.2% | 2.2% | 0.0 |
| One to five years | 12.0% | 11.7% | -0.3 |
| More than five years | 3.2% | 3.0% | -0.2 |
| None | 82.6% | 83.1% | 0.5 |
*The wage ranges are equivalent in 2011 dollars to (poverty levels for a four-person household): $23,005 and below (0–<100%), $23,005–$46,010 (100–<200%), $46,010–$69,015 (200–<300%), and $69,015 and above (300% and over).
Source: Thiess (2012) Tables 5 and 6 and BLS employment projections (2012, Table 9)
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