Employees Are Taking Pay Cuts in Huge Numbers

(businessinsider.com)

10 points | by msolujic 6 hours ago ago

4 comments

  • evilbob93 5 hours ago

    It's worth mentioning here that a lot of people who HAVEN'T lost their jobs are taking pay cuts just because cost of living increases aren't always there. If you're a contractor, often the contract is just extended and doesn't take into account the macro issues we're all seeing.

  • 5 hours ago
    [deleted]
  • toomuchtodo 6 hours ago

    US salaries are falling. Employers say compensation is just 'resetting' - https://news.ycombinator.com/item?id=39634957 - March 2024

    “Great Wage Resetting” are the relevant keywords.

    • RyanOD 3 hours ago

      Thankfully the cost of housing, food, and fuel are falling too...