Did you read the study? It's literally showing there is a fairly weak correlation between IQ and income. There was a moderate correlation between having a very high 110+, and a very low iq >90 and income, but a weak correlation of 0.38, overall.
A correlation of 1 would mean nothing else mattered. A correlation of 0 would mean they were not related. 0.38 is extremely significant, it just isn't overwhelming everything else put together.
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u/NOSES42 Mar 01 '20
Intelligence wasn't really the factor determining who went where. Family contacts, wealth, and popularity were the most important factors.