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  • How Sticky Are Wages? [View article]
    Assuming their affected workforce are all equal performers, it's better for 1000 workers to get a five percent pay cut than for 50 workers to be jobless. However, companies sometimes use recessions to shed off ineffective workers.

    Fedex should be applauded that the pay cuts started at the top.
    Dec 18 15:15 pm |Rating: +1 0
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