Last April, the Center for Economic and Policy Research (CEPR) published Low Wage Workers Are Older and Better Educated than Ever, an issue brief showing that the average low-wage worker today is both older and much better educated than the average low-wage worker was in the past.
Yesterday, Shawn Fremstad noted on CEPR’s blog that, in addition, the number of middle-aged workers living below the poverty line with at least some college or a Bachelor’s Degree has nearly doubled between 1979 and 2010. In addition, the number of middle-aged workers living below the poverty line without a high school diploma has dropped by nearly 50% during that same period. Fremstad looks at this data nd concludes:
Increasing educational attainment by itself is not at all sufficient to reduce inequality and income poverty — we need stronger labor market institutions, particularly ones that increase workers bargaining power to address these issues.