Lesson 3A: Investing in Yourself

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Presentation transcript:

Lesson 3A: Investing in Yourself Unit 3: Earning Income Lesson 3A: Investing in Yourself ©2017, Minnesota Council on Economic Education. Developed in partnership with the Federal Reserve Bank of St. Louis.

How are knowledge and skills related to income and unemployment? Compelling Question How are knowledge and skills related to income and unemployment? Lesson 3A

Visual 3A.1: Wages by Occupation (2015 Median Pay) Slide 1 of 4 Occupation Median hourly wage Median annual income* Physician $90.00 $187,200 Dentist $76.11 $158,310 Pharmacist $58.41 $121,500 Lawyer $55.69 $115,820 Mechanical engineer $40.19 $83,590 Physical therapist $40.40 $84,020 Computer programmer $38.24 $79,530 NOTE: *Based on 2,000 hours (50 weeks @ 40 hours/week). SOURCE: Bureau of Labor Statistics, Occupational Outlook Handbook; http://www.bls.gov/ooh/; www.bls.gov/ncs/ocs/sp/ncbl0831.pdf. Lesson 3A

Visual 3A.1: Wages by Occupation (2015 Median Pay) Slide 2 of 4 Occupation Median hourly wage Median annual income* High school teacher $35.75** $57,200 Registered nurse $32.45 $67,490 Accountant/auditor $32.30 $67,190 Librarian $27.35 $56,880 Electrician $24.94 $51,880 Plumber/pipefitter $24.34 $50,620 Firefighter $22.53 $46,870 NOTE: *Based on 2,000 hours (50 weeks @ 40 hours/week). **Based on 1,600 hours (40 weeks @ 40 hours/week). SOURCE: Bureau of Labor Statistics, Occupational Outlook Handbook; http://www.bls.gov/ooh/; www.bls.gov/ncs/ocs/sp/ncbl0831.pdf. Lesson 3A

Visual 3A.1: Wages by Occupation (2015 Median Pay) Slide 3 of 4 Occupation Median hourly wage Median annual income* Carpenter $20.24 $42,090 Truck driver $19.36 $40,260 Actor $18.80 $37,600* Welder $18.34 $38,150 Automotive technician/mechanic $18.20 $37,850 Secretary/administrative asst. $17.55 $36,500 Construction laborer/helper $14.85 $30,890 NOTE: *Based on 2,000 hours (50 weeks @ 40 hours/week). SOURCE: Bureau of Labor Statistics, Occupational Outlook Handbook; http://www.bls.gov/ooh/; www.bls.gov/ncs/ocs/sp/ncbl0831.pdf. Lesson 3A

Visual 3A.1: Wages by Occupation (2015 Median Pay) Slide 4 of 4 Occupation Median hourly wage Median annual income* Bank teller $12.70 $26,410 Barber/hairdresser/cosmetologist $11.40 $23,710 Janitor $11.27 $23,440 Food preparer $9.70 $20,180 Bartender $9.39 $19,530 Cashier $9.28 $19,310 Waiter/Waitress $9.25 $19,250 NOTE: *Based on 2,000 hours (50 weeks @ 40 hours/week). SOURCE: Bureau of Labor Statistics, Occupational Outlook Handbook; http://www.bls.gov/ooh/; www.bls.gov/ncs/ocs/sp/ncbl0831.pdf. Lesson 3A

Visual 3A.2: Earning and Unemployment by Education Level (2015) Lesson 3A NOTE: Data are for persons 25 years of age and older. Earnings are for full-time wage and salary workers. SOURCE: Bureau of Labor Statistics Current Population Survey; http://www.bls.gov/emp/ep_chart_001.htm, accessed June 1, 2016.