Replies

1) People quit (what I did)
2) People become lazy and/or steal.

Both #1 and #2 should work elsewhere, obviously.
Welcome to the world market where one can find employees thankful to have your job for less.

Ive always been told that there is always someone behind that is smarter, quicker, stronger, prettier, faster and willing to work for less than you get. Thats why I have such high work ethic (aside from FReeping at work)

Welcome to the world market where one can find employees thankful to have your job for less.

I'm not sure you understand; I'm saying the management would be better off to just fire everyone than to do that. It's cheaper to fire people than to cut their pay; because people who have a pay cut will stay on while they look for a job usually (they need the money to pay the bills), but now they're less attached to the job and moreover they feel like the employer has mistreated them, which gives them the mental justification to screw off, screw things up and sometimes outright steal. I'm not denying that there's a global market or that it provides downward pressure on wages and that's just reality. Just that there's a business reason to maintain wages; it invites ex talionis. People at IBM who I knew had stayed through 2 post bubble paycuts were awful for morale and certainly awful for productivity. The lab I was in, two guys got busted for stealing hardware. They didn't even get busted by IBM; they got busted by Intel when they found an engineering sample on eBay. It of course, had a serial number.