Wells Fargo’s CEO recently faced outrage for a memo noting “the unfortunate reality is that there is a very limited pool of black talent to recruit from.” Rather than pseudo-righteous indignation, maybe it’s time to confront uncomfortable facts about both college preparedness and the way our society bases economic opportunity on college success. According to critical race theory, our intellectual class’ obsession du jour, any hiring disparity reflects structural racism, and companies like Wells Fargo simply “aren’t trying hard enough” to find black candidates. In reality, there are wide racial gaps even before college. The average black SAT taker trails...