learn more, earn more. education and income potential earnings increase with increased educational...
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Learn More, Earn More
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Education and Income• Potential earnings increase with increased
educational attainment.
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Education and Personal Income
High School $26,505
Some College $31,054
Bachelor’s Degree $43,143
Bachelor’s Degree or more $49,303
Master’s Degree $52,390
Doctorate Degree $70, 853
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Trends in Wages and Benefits
Earnings Up for Some, Down for Others
• Earnings for college graduates have increased, while earnings for workers without college degrees have decreased.
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Wages and Skill Levels• Wages vary according to workers’ skill levels
and education. Jobs are often categorized into the following four groups:
Unskilled Labor• Unskilled labor requires no
specialized skills, education, or training. Examples: waiters, messengers, janitors
Semi-Skilled Labor• Semi-skilled labor requires
minimal specialized skills and education. Example: fork-lift operator
Skilled Labor• Skilled labor requires
specialized skills and training. Examples: auto mechanics, plumbers
Professional Labor• Professional labor demands
advanced skills and education. Examples: lawyers, doctors, teachers