but that individual IQ doesn’t really influence individual wealth
Really!
Can you link me to the data you have for this. It seem so counter-intuitive that I’m tempted to defy the data. It seems to me there are so many mechanisms by which an intelligence advantage turns into a wealth advantage. Ignoring billionaire businessmen as a tiny proportion of the population, what about doctors or lawyers, those both require above average intelligence (I think) and pay better than the average job.
Edit: Just my personal two cents, but having gone through the job searching and raise process a lot, I’d agree that there’s very few companies that actually hire/promote based on intelligence/performance. One’s ability to look credible and impressive on an interview is far more important, and it’s quite easy to do that with a lower IQ. So, while I’d expect that intelligence would correlate with wealth in a perfect spherical society, it makes sense to me why there’s a much less significant correlation in our actual, existing society.
Really!
Can you link me to the data you have for this. It seem so counter-intuitive that I’m tempted to defy the data. It seems to me there are so many mechanisms by which an intelligence advantage turns into a wealth advantage. Ignoring billionaire businessmen as a tiny proportion of the population, what about doctors or lawyers, those both require above average intelligence (I think) and pay better than the average job.
Is there really no correlation!?
http://www.halfsigma.com/2006/06/high_iq_does_no.html and http://www.halfsigma.com/2006/07/higher_intellig.html were the posts I checked to confirm the cached belief, and provide significantly more detailed and nuanced claims. The short version is that education, not intelligence, influences wealth; intelligence does seem to give one an edge in getting that education, but certainly an education isn’t outside the reach of the average person.
Edit: Just my personal two cents, but having gone through the job searching and raise process a lot, I’d agree that there’s very few companies that actually hire/promote based on intelligence/performance. One’s ability to look credible and impressive on an interview is far more important, and it’s quite easy to do that with a lower IQ. So, while I’d expect that intelligence would correlate with wealth in a perfect spherical society, it makes sense to me why there’s a much less significant correlation in our actual, existing society.