Final answer:
The educational wage gap is a public policy concern because it is a major factor contributing to the earnings gap between different racial and ethnic groups. Closing this gap requires improving school performance and strengthening support for educational attainment among marginalized communities. Research shows that reducing the educational gap can lead to greater income equality and opportunities for upliftment.
Step-by-step explanation:
The educational wage gap is indeed a public policy concern. One of the main factors contributing to the earnings gap between different racial and ethnic groups is the gap in educational attainment. To close this gap, it is crucial to find ways to improve the performance of schools and strengthen the culture of support for educational attainment among Black and Hispanic families and peer groups.
Reducing the educational wage gap can have significant economic and social benefits. It can lead to greater income equality and provide more opportunities for marginalized groups to uplift themselves socioeconomically.
Research has shown that narrowing the educational gap can positively impact earnings. For example, a study conducted by the National Bureau of Economic Research found that increasing educational attainment levels among Black Americans could reduce the earnings gap with White Americans by a significant margin.