Considering that income and debt to income ratio are racially skewed as well, wouldn't credit reports display the same bias, and require that companies prove that there is a legitimate business case in order to use them?
Considering that income and debt to income ratio are racially skewed as well, wouldn't credit reports display the same bias, and require that companies prove that there is a legitimate business case in order to use them?
I don't actually know whether bad credit is predictive for job performance, though the story for why it might be is easy to imagine.
Could it be that the people making the decisions here are making them based on the credit reporting agencies' marketing rather than concrete data?
Care to back that up?
This is incorrect.
http://www.siop.org/workplace/employment%20testing/testtypes...
http://mavweb.mnsu.edu/howard/Schmidt%20and%20Hunter%201998%...
http://geb.uni-giessen.de/geb/volltexte/2012/8532/pdf/prepri...
If a measure has such predictive power, it's not necessarily unethical to use it just because it also correlates with race.
This is true. While certainly ethical, it is still illegal in the US.
All of the OP's links mention them, just not by the lable IQ test.