What is the relationship between intelligence and wealth? originally appeared on Quora - the knowledge sharing network where compelling questions are answered by people with unique insights.
Answer by Auren Hoffman, former LiveRamp CEO, Chairman of Siftery, started and sold five companies, on Quora.
The correlation
between IQ and wealth has been really high in the last one hundred
years. But I suspect it will much less predictive in the next one
hundred years.
In the past one
hundred years, the best predictor of success has been tests like the
S.A.T. (which tests for systems thinkers). Systems thinking has been the
way to get ahead for people in the last one hundred years. Even people
who were not born into wealth and connection have been able to do
extraordinarily well being really good systems thinkers.
But in the next one hundred years, we will see more and more
competition from computers on core systems thinking tasks. So while
systems thinking will be likely even more important in the next one
hundred years, it will be mostly done by machines, not humans. Computers
will likely be able to achieve perfect S.A.T. scores in the future.
As computers
get better and better at systems thinking, we will likely see I.Q.
(which is usually measured in terms of systems thinking) becoming less
valuable. Having some level of competency of systems thinking will still
be really important for humans, but the prize of any extra ten points
on the S.A.T.s will not nearly be as great as they have been in the
past.
To get into
Harvard today, one likely needs at least a 1500 on the S.A.T. To get
into the top school in twenty years (assuming that school still wants to
be relevant), you probably will need a 1200.
Other
“intelligences” will be increasingly important. Being able to understand
a complex topic really deeply will likely always be really important.
Even within
college, we will see complex fields be more valuable for the world of
the future. Philosophy is like a very under-valued major. I don’t
necessarily think that Computer Science is going to be more monetizable
than Philosophy in the future just because it was in the past.
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Source: Huffington Post