Life Is Rough Being Short, Fat, & Ugly...

Are you short, fat, and ugly? Chances are you’re also poor.

The Fed (Federal Reserve Bank) put out a study on the effect of good looks on worker wages. Here are some of the results:

They “found that the “plainness penalty” is 9 percent [loss in income] and that the “beauty premium” is 5 percent [gain in income].”

“A study by economists Markus Mobius and Tanya Rosenblat estimates that confidence accounts for approximately 20 percent of the beauty premium.”

They showed that “women who were obese according to their Body Mass Index (BMI) earned 17 percent lower wages on average than women within their recommended BMI range.”

They found that “for white men in the United States, a 1.8-percent increase in wages accompanies every additional inch of height.”

Kristie M. Engemann is a senior research associate and Michael T. Owyang is a senior economist, both at the Federal Reserve Bank of St. Louis.

Don’t get depressed, at least you’re not short, fat, ugly, old, and handicap. Then you’d be really poor.

This is depressing.