I think two poor kids, raised on the same neighborhood/conditions, measured with each other, SAT will give you a proxy for academic ability/IQ.
Two wealthy kids, raised on the same neighborhood/conditions, measured with each other, SAT will give you a proxy for academic ability/IQ.
That comparison might break down when measuring A poor kid, with a wealthy kid. Or a ESL student (english as foreign language, to a native speaker).
The wealthy kids, probably went to better schools, had taken PRE-SATS since 8th grade, has tutor, and everything in between to get better. Poor kids are probably sharing a room with their parents, live in crappy conditions, and have to start working as teens to help out the family economically...
All upper middle class folks know this: the more testing practice you do, the better you become at that test...
SAT and IQ tests are a valid tool of measurement when two people have had the same conditions and training.
Let me translate into engineering terms: Two engineers go to interview, one is good and has some great experience, the other one is average, but just LEETCODES for months before the interview.
The average engineer gets the job, while the better one might not, as he probably didn't solve some Leetcode style of problem fast enough.
Im real life scenarios, the good engineer would have outperformed the average one.