Study Claims Social Drinkers Earn Higher Paycheques
Posted September 20, 2006 12:00 pm.
This article is more than 5 years old.
According to a recent study, those who indulge in the occasional cocktail tend to have higher incomes than their more sober counterparts.
A survey by the Reason Foundation, a Libertarian think tank, found women who imbibe have 14 percent higher paycheques than females who don’t. And men who quaff a few make 10 percent more than their teatotaling compatriots.
Not only that, but if you believe the figures, males who describe themselves as ‘social drinkers’ – those who visit a bar at least once a month – actually rake in an additional seven percent on top of the aforementioned ten.
So what is it about the spirits world that has your accountant raising a glass to your increased prosperity? Turns out it’s not actually the alcohol but what you do while you’re drinking it.
The research shows the contacts made in a social environment lead to improved networking and the possibility of landing that better paying job in the long run.
“Social drinking builds social capital,” explains economist Edward Stringham. “Social drinkers are out networking, building relationships and adding contacts to their BlackBerries that result in bigger paycheques.”
Of course, the study comes with a caveat – drinking too much can send your earnings down to nothing. The idea is to moderate what you take in so you can maximize what you take home.
Which means after a long hard day at the office, you now have even more reasons to raise a glass in celebration on making it through another day.
