BINGO! The price I personally have paid for continued employment is a roughly 35% salary hit. I’ll be leaving as soon as I find something better, and I’m not afraid to pull up stakes after 30 years living where I do.
Business practices at most companies have not bought company loyalty...that’s for sure. Profits are being made on the backs of employees, and the company, as well as the employee, know that at this point in time, they have no other options, so they comply with pay cuts, increased hours and responsibilities, no raises or COL adjustments, etc.