This article investigates gender and racial/ethnic wage gaps for high-school-educated residents of New York City. The study measures local skill requirements in detailed occupations and endeavors to control for space and skill as determinants of group earnings inequality. Wage earnings models show higher returns to observed skills for male high school graduates relative to women and for young white men relative to young black and Hispanic men. A second major source of inequality is the relatively low employment shares of women and young minority men in occupations requiring high levels of occupationally specific vocational preparation. Possible explanations for the group variation include unobserved average productivity differences, segregated job information/recruitment networks and employer wage and hiring discrimination. The article concludes by reviewing local policy options to help bridge the wage gaps.