Salaries Get Chopped for Many Americans Who Manage to Keep Jobs

Re:Salaries Get Chopped for Many Americans Who Manage to Kee... by seltzered_ on Wednesday May 27, 2020 @01:12PM (#23326478)

I think that's the thing, it might be too early to actually find any real published data on this. People will salary cuts will still be paying their rent/mortage and possibly spending more during this time. Still doesn't hurt to leverage anecdotal data.

You may not know until there's later reports on net savings rate.

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Re:Salaries Get Chopped for Many Americans Who Manage to Kee... by alistairSH on Wednesday May 27, 2020 @01:20PM (#23326599)

Anecdote... My employer suspended most promotions and merit increases. They also suspended the 401k match. I assume by the time things are back to normal, I'll be out 9-12 months of matching, and will be 18 months without a merit increase. Any longer than that, and I'll be shopping for another position elsewhere. (and they only get that much leeway because it's a nice place to work, I walk to the office in normal times, and simple inertia of a 20 year career there).

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