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Old 06-30-2008, 11:38 AM
 
Location: Alexandria, VA
148 posts, read 599,090 times
Reputation: 120

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There is talk in economic circles that due to high energy and insurance costs, foreign competition, outsourcing, etc, the amount we pay people to do many jobs has to change. Wages have to go down.

You have seen this already in many blue collar environments, factories, and airlines, Circuit City, Radio Shack, etc. They tell the workers that they can not continue to make the type of money they have. Either is is termination or a wage cut or freeze.

Alot of our jobs could be outsourced, or as unemployment goes up, new employees could do the work for far less. Why should we pay an aging tired 20 year company veteran (such as an Administrative Assistant) 50K a year when we could find an eagar younger worker $30K?

We are cutting your pay 40% tommorrow, stay or go? If you stay while you are looking for another job you have to work just as hard or harder than you did when your pay was 40% more! YOUR CHOICE?
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Old 06-30-2008, 11:55 AM
 
3,460 posts, read 5,204,844 times
Reputation: 6677
Dollar devaluation already cut our wages 40%.
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Old 06-30-2008, 12:10 PM
 
Location: Londonderry, NH
41,478 posts, read 54,354,698 times
Reputation: 24736
Ever consider Instant Termination for the boss? and his bosses?
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Old 06-30-2008, 01:31 PM
 
3,698 posts, read 10,589,772 times
Reputation: 2620
Real wages are going down and have been for quite some time.
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Old 06-30-2008, 01:41 PM
 
Location: Chino, CA
1,458 posts, read 3,061,341 times
Reputation: 555
Not for real wages or benefits for CEOs and Corporate Executives:

The Canadian Press: CEO pay chugged up in 2007 despite sagging economy and profits (broken link)

Compensation for corporate chief executives adds up (broken link)

CEO pay climbs despite companies' struggles - USATODAY.com

US: CEO pay sets new record as economy tanks

No wonder we have more business/finance majors in schools compared to engineers/math/science majors.

-chuck22b
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Old 06-30-2008, 02:07 PM
 
3,283 posts, read 4,841,089 times
Reputation: 753
Quote:
Originally Posted by total_genius View Post
There is talk in economic circles that due to high energy and insurance costs, foreign competition, outsourcing, etc, the amount we pay people to do many jobs has to change. Wages have to go down.

You have seen this already in many blue collar environments, factories, and airlines, Circuit City, Radio Shack, etc. They tell the workers that they can not continue to make the type of money they have. Either is is termination or a wage cut or freeze.

Alot of our jobs could be outsourced, or as unemployment goes up, new employees could do the work for far less. Why should we pay an aging tired 20 year company veteran (such as an Administrative Assistant) 50K a year when we could find an eagar younger worker $30K?

We are cutting your pay 40% tommorrow, stay or go? If you stay while you are looking for another job you have to work just as hard or harder than you did when your pay was 40% more! YOUR CHOICE?
this is the big problem with america today. in a REAL "free market", one where big guys don't get chapter 11 bailouts, fed bailouts etc, these conglomerates would go out of business.
bad thing? i think it would just be an opportunity for the little guy to get a piece of the action.
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Old 06-30-2008, 02:09 PM
 
Location: Eastern Washington
15,329 posts, read 49,038,307 times
Reputation: 14654
Would prefer a 40% cut to a 100% cut immediately, (so I'd take the cut instead of the pink slip) but would start hunting for something with more normal pay immediately as well...
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Old 06-30-2008, 02:21 PM
 
14,075 posts, read 20,315,332 times
Reputation: 23712
Quote:
Originally Posted by sterlinggirl View Post
Dollar devaluation already cut our wages 40%.
Well, no, it doesn't exactly work that way.

Dollar devaluation is not inflation. Dollar devaulation is the comparison with other currencies. I don't want to start a side argument with "yeah, but the dollar is only worth this much...". Just saying.
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Old 06-30-2008, 02:29 PM
 
Location: Southern California
15,084 posts, read 18,615,095 times
Reputation: 10321
I'd accept a 40% cut in pay over losing my job outright but only for a short period of time. And then, I'd expect the company to make it up later.
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Old 06-30-2008, 02:39 PM
 
3,283 posts, read 4,841,089 times
Reputation: 753
Quote:
Originally Posted by Dd714 View Post
Well, no, it doesn't exactly work that way.

Dollar devaluation is not inflation. Dollar devaulation is the comparison with other currencies. I don't want to start a side argument with "yeah, but the dollar is only worth this much...". Just saying.
err well actually.....

inflation - Definitions from Dictionary.com
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