Chart Detail

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)

Updated May 25, 2012

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