Happy Hour
Not only can it loosen you up a little before you head home, it can also lead to greater wealth:
People who consume alcohol earn significantly more at their jobs than non-drinkers, according to a US study that highlighted “social capital” gained from drinking.
The study published in the Journal of Labor Research Thursday concluded that drinkers earn 10 to 14 percent more than teetotalers, and that men who drink socially bring home an additional seven percent in pay.
“Social drinking builds social capital,” said Edward Stringham, an economics professor at San Jose State University and co-author of the study with fellow researcher Bethany Peters.
…
The researchers found some differences in the economic effects of drinking among men and women. They concluded that men who drink earn 10 percent more than abstainers and women drinkers earn 14 percent more than non-drinkers. link.
So I’ve got to wonder now if that extremely small percentage of the population that is getting most of the benefits from our nation’s economic growth over the past dozen years or so are all hanging out at the same exclusive bars laughing their asses off at the rest of us.
