Despite the overall economic downturn, workers with educational attainments were better insulated against the effects of the recession, according to a recent report, State of Working in Colorado 2013. Those workers who have not completed high school make up the majority of all part-time workers. The report analyzes workers who are involuntarily working part time (i.e., those who would work more hours if they could get full-time jobs) compared with those voluntarily working part-time. Those with a bachelor’s degree, working part-time involuntarily, make up only 4% of part-time workers, while those with less than a high school diploma involuntarily working part-time make up 12%.
In 2012, unemployment rates among those with who did not complete high school were approximately four times higher than those for workers with a bachelor’s degree or higher. The importance of education is especially apparent in the wage disparity. Those with a bachelor’s degree earned a median wage of $24.79, more than double that of the median worker with no high school diploma, earning $10.62.
Again, this report could be of particular use to experts considering the employability of workers reentering the work force after an injury, especially those with minimal educational attainment.
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