http://www.slate.com/articles/healt...al_intelligence_predicts_school_and.html

Quote
...The second popular anti-SAT argument is that, if the test measures anything at all, it’s not cognitive skill but socioeconomic status. In other words, some kids do better than others on the SAT not because they’re smarter, but because their parents are rich. Boylan argued in her Times article that the SAT “favors the rich, who can afford preparatory crash courses” like those offered by Kaplan and the Princeton Review. Leon Botstein claimed in his Time article that “the only persistent statistical result from the SAT is the correlation between high income and high test scores.” And according to a Washington Post Wonkblog infographic (which is really more of a disinfographic) “your SAT score says more about your parents than about you.”

It’s true that economic background correlates with SAT scores. Kids from well-off families tend to do better on the SAT. However, the correlation is far from perfect. In the University of Minnesota study of nearly 150,000 students, the correlation between socioeconomic status, or SES, and SAT was not trivial but not huge. (A perfect correlation has a value of 1; this one was .25.) What this means is that there are plenty of low-income students who get good scores on the SAT; there are even likely to be low-income students among those who achieve a perfect score on the SAT.

Thus, just as it was originally designed to do, the SAT in fact goes a long way toward leveling the playing field, giving students an opportunity to distinguish themselves regardless of their background. Scoring well on the SAT may in fact be the only such opportunity for students who graduate from public high schools that are regarded by college admissions offices as academically weak.

...

Given everything that social scientists have learned about IQ and its broad predictive validity, it is reasonable to make it a factor in decisions such as whom to hire for a particular job or admit to a particular college or university. In fact, disregarding IQ—by admitting students to colleges or hiring people for jobs in which they are very likely to fail—is harmful both to individuals and to society. For example, in occupations where safety is paramount, employers could be incentivized to incorporate measures of cognitive ability into the recruitment process. Above all, the policies of public and private organizations should be based on evidence rather than ideology or wishful thinking.