Remember The Drinker's Bonus? Yahoo! News reports a Journal of Labor Research paper by Ed Stringham and Bethany Peters which:
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.
Why's that? Well according to Ed
Social drinkers are out networking, building relationships, and adding contacts to their BlackBerries that result in bigger paychecks.
The article has been mentioned on CNN, Fox, dozens of radio stations, and in more than 100 newspapers including 8 of the top 15 highest circulating newspapers in the US (LA Times, Washington Post, Chicago Tribune, and more) as well as newspapers in Australia, Canada, England, India, Italy, Germany, Netherlands, South Africa, Spain, and Turkey. On Friday it was Yahoo News third most emailed article. Today I was even on Morning Call on CNBC! Check it out: http://www.youtube.com/watch?v
=rDBwom174TA
Also, see Tyler Cowen on this topic, and Tony Vallencort for a critique.
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