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Employees Are Taking Pay Cuts in Huge Numbers(businessinsider.com)
11 points by msolujic 13 hours ago | 4 comments
evilbob93 12 hours ago | parent | next [-]

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.

12 hours ago | parent | prev | next [-]
[deleted]
toomuchtodo 13 hours ago | parent | prev [-]

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 10 hours ago | parent [-]

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