Thursday, November 16, 2006

Where's My Raise?

Those who drink alcohol earn 10 percent to 14 percent more at their jobs than nondrinkers, according to a Reason Foundation report by economists Bethany Peters and Edward Stringham. “Social drinking builds social capital,” said Stringham, a San Jose State University economics professor. “Social drinkers are networking, building relationships and adding contacts to their BlackBerries that result in bigger paychecks.”

Men who drink earn 10 percent more than those who don’t, and women drinkers earn 14 percent more than nondrinkers. Men who visit bars at least once per month see an income boost of 7 percent; however, the same is not true for women, according to the study.

-- Staffing Industry Report, Nov. 10, 2006

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