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Old 10-02-2008, 04:06 PM
 
485 posts, read 1,712,530 times
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I am starting to read stories in the news about local governments and companies forcing employees to take unpaid furloughs, or paycuts or else. I expect this will be a popular trend in coming months.

Local and State governments have about run out of accounting tricks and rainy day fund money. It is time for some serious layoffs. Other local governments, like Prince Georges County Md is forcing employees to accept a two week unpaid furlough.

Many organizations are having trouble making payroll so they are asking employees to accept a pay decrease or leave. An extreme example is Sun Country Airlines which plans to cut everyones pay by 50%.

Do you see pay cuts as a future trend in America?
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Old 10-02-2008, 04:09 PM
 
Location: Bradenton, Florida
27,236 posts, read 43,155,767 times
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I don't see it...but I'd prefer a paycut to a termination.
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Old 10-02-2008, 04:25 PM
 
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It depends on the percentage of a paycut. If we;re talking a paycut that would require me to automatically seek a second source of income to maintain cost of living I prefer a termination to a paycut. Unemployment benefits beats working while looking for a replacement job, where AT WORST, I make what the concessionary pay scale would be at the original employer. If the paycut is in the order of less than 10% I'd still be excersicing my options but would continue the job until I could make the transition.
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