New Study Says Drinking is Fast Track to Wealth
I’m just saying: A new study shows drinkers earn more than the George Bushes of the world, and laws aimed to make it harder to drink are a solution in search of a problem.
San Jose State University’s Reason Foundation makes the case.
Drinkers earn 10 to 14 percent more money at their jobs than nondrinkers and men who drink socially, visiting a bar at least once a month, bring home an additional 7 percent in pay, according to a new Reason Foundation report by economists Bethany Peters, Ph.D., and Edward Stringham, Ph.D.
“Social drinking builds social capital,” said Stringham, an economics professor at San Jose State University. “Social drinkers are networking, building relationships, and adding contacts to their Blackberries that result in bigger paychecks.”
The study finds that men who drink earn 10 percent more than abstainers and women drinkers earn 14 percent more than nondrinkers.
Damn! Think I’ll crack open a cold one before I read on.
The study, published in the latest edition of the Journal of Labor Research, suggests that the growing wave of anti-alcohol legislation at state and local levels will have harmful effects on local economies and individual finances. Efforts to impose massive tax increases on alcohol, to restrict alcohol sales through zoning laws, and prohibit alcohol advertisements have all been stepped up in recent years.
“We’re quick to ban beer at sports stadiums and festivals. The legal blood alcohol level is dropping everywhere, and we’re barraged with overhyped warnings about binge and underage drinking,” Stringham said. “Instead of fear mongering we should step back and acknowledge the proven health and economic benefits that come with the responsible use of alcohol.”
Ain’t that the truth? Just last night, I responsibly consumed several units of Blue Moon with a coworker, and while I haven’t seen an immediate increase in my earnings yet, I am confident that with just a few more pitchers, I can prove Dr. Stringham correct.


