I know wealthy people running businesses who have taken 30-50% pay cuts themselves just so that they could keep as many of their staff members employed as possible.
Just good humanitarianism if you ask me.
Are they still “wealthy people” after the self-imposed salary reductions or do they really have that much “skin in the game”? Do you suppose they ask themselves what Jesus would do or does the Obama administration agenda try to suggest to them that it most certainly is what Jesus would do and therefore, everybody else should too?
I’ll bet there are many out there who’d still be wealthy enough (too much never being enough) without receiving any salary at all. Even small businesses should have the potential to be so successful.
I agree that some have had to, willingly or not, take the (paper) cuts with a grain of salt but it happens like that in a competitive environment whether in good times or bad.
I’ll bet there are lots of people who’s jobs are saved that way but they may still feel as though they’re futures are between a rock and a hard place and would seriously think about jumping at the chance to move to another job with a better future but that’s another bailout story altogether.