Economists expect that increases in education and work experience will increase workers' productivity and translate into higher compensation. We use data from the March Current Population Survey (CPS) to show that over the past four decades, the Bhuman capital^of the employed black workforce has increased enormously, yet the share of black workers in a Bgood job^-one that pays at least $19 per hour (in inflation-adjusted 2011 dollars), has employer-provided health insurance, and an employer-sponsored retirement plan-has actually declined. The CPS data show that black women saw a modest increase in access to Bgood jobs,^but the share of black men in good jobs decreased. Despite improvements for black women, they were consistently less likely to be in a good job than black men in every year in our sample. Black workers at every age and education level were also less likely to be in a good job in 2011 than they were in 1979.
IntroductionEconomists expect that increases in education and work experience will increase workers' productivity and translate into higher compensation. Over the past three decades, the educational attainment of the employed black workforce has increased enormously. In 1979, nearly one-third (31.6 %) of black workers had less than a high school degree and only about one in ten (10.4 %) had a 4-year college degree or more. By 2011, only one in twenty (5.3 %) had not completed high school and more than one-