Chart Detail

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)

Updated June 18, 2012

Documentation and methodology

Table is based on analysis of Thiess (2012), Tables 5 and 6, and BLS Employment Projections Program (2012), Table 9.

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