cousin_it comments on Problems in Education - Less Wrong
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Other way around. If you've begun with a socioeconomic disadvantage, then achieving a particular test score is an indicator of greater inherent ability, insofar as such a thing exists. Someone who can run a mile in five minutes while carrying a fifty-pound weight is a better runner than someone who can run the same mile in the same speed while carrying no additional weight.
It seems to me that private_messaging is right and explains his point beautifully. Here's a Robin Hanson post making a similar point. Also see this discussion, especially Wei Dai's comment.
And more recently: http://lesswrong.com/lw/fmt/lw_women_lw_online/8h0h and http://lesswrong.com/lw/fmt/lw_women_lw_online/8hqg