http://money.cnn.com/2009/08/28/news/economy/paycuts/index.htm?postversion=2009090210As the number of layoffs mount, more workers are ready and willing to take significant pay cuts to find employment.
With unemployment as high as 9.4% and job prospects scarce, job seekers are willing to accept as little as half of what they were making before, if it means finding a job.
In a recent survey, 65% of out-of-work respondents reported willingness to accept wages up to 30% lower than their previous compensation. And, 3% and 4%, respectively, said they would accept up to 40% and 50% of prior wages, according to the 2009 Annual Career Fair Survey released by Next Steps Career Solutions.
"My hope is that as companies start to feel more confident about the economy, then I will be able to find something better."
Article has more.
Hope does not pay the bills.
Keep pimping yourselves as cheap hos, folks... then wonder why nobody has any money to spend, which in turn fixes the economy...
Here's a fun tangent: Will CEOs, such as AT&T's, take a pay cut? Hell,
will AT&T ever fix their service? (barely a profit? When AT&T charges $10/mo more for their data plan than T-Mobile and doesn't provide the bandwidth they promise, combined with the number of iphones sold, and there's no profit? Really? What ever happened to CEOs who put money back into their business? Credit cards are not good, but companies making promises and delivering later on, if not defaulting on their promises is worse.)
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