Table 4.46
Effect of changing occupational composition on wages and on education and training requirements, 2010–2020
| Job characteristic | 2010 | 2020 | Change 2010–2020 |
|---|---|---|---|
| Median annual wage (2010 dollars) | $39,250 | $39,279 | 0.07% |
| Share of workers by wage threshold* | Percentage-point change | ||
| 0–100% of poverty | 28.3% | 28.0% | -0.3 |
| >100–200% of poverty | 41.5 | 41.2 | -0.4 |
| >200–300% of poverty | 17.5 | 17.7 | 0.2 |
| Over 300% of poverty | 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 |
| Post-secondary nondegree award | 4.6 | 4.7 | 0.1 |
| Associate degree | 5.6 | 5.8 | 0.2 |
| Bachelor’s 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 per-hour wage ranges are equivalent in 2011 dollars to (poverty levels for a four-person household): $11.06 and below (0–100%), $11.07–$22.12 (>100–200%), $22.13–$33.18 (>200–300%), and $33.19 and above (300%+).
Source: Thiess (2012, Tables 5 and 6) and Bureau of Labor Statistics Employment Projections (2012, Table 9)
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