Dollar Drink Night: Boozing With Coworkers Could Help You Financially
Theres a group in every office. They hit the nearby watering hole for happy hour once or twice a week after work to vent shared frustrations, talk about the boss behind his back, maybe even plot future career moves. Thumbing your nose at this carousing crew? Think twice, turning down an invite to grab a post-shift drink might be hazardous to your financial future.
A recent study published by The Journal of Labor Research shows that drinkers earn 10 to 14 percent more than those who avoid the bottle altogether. The reason? The study contends its something called social capital. That is, the more youre out enjoying a drink, the more people you meet. The more people you meet, the more doors that are opened for you professionally. And as is the general rule in the business worldits not what you know, its who you know.
The study contends that specifically, its drinkers who hit the bar that see the most benefits financially, as opposed to those who tip the glass at home. Its all about social capital, which the study defines as a persons social characteristics, including social skills, charisma,...
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