1945

Education and occupational income

The rising educational level of the workforce has contributed, in most cases, to an increase in occupational incomes. There are important exceptions, however, as in the case of lower–level non–manual occupations, which pay occupational incomes that are distinctly lower than would be expected given the level of education required. Rising educational levels in the workforce can only help increase average occupational income, if they occur in the context of a growing economy in which production techniques change in such a way as to increase the supply of jobs requiring more highly skilled workers.

Related Subject(s): Economic and Social Development
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