[freeper12]

>>Many that made $60-80K are now happy to have $40K. Last year, I did a large project and got high end developers for $50K, and they were real happy to have the jobs. One guy just took a $40K job, and he's 42 with 20 years experience.

I retired last year (Jan'02), but was a contract developer for years...one guy that I worked with (he worked for same client, but not for me), was told that if he wanted to stay on, he would need to take a 50% cut in his rate, which he did (after mild-complaining and seeing no other options around)...3 months later they told him if he wanted to stay around he needed to take ANOTHER 50% rate cut...he is still there, doing the same thing, but get only 25% of what he was making less than 2 years ago...man that sucks.

[Starwind]

Similar rate cuts going on at B2B level...for example, JetBlu just annonuced they got a 'great price' on new planes (gee, wonder why?)...I also know small companies are getting forced to cut prices and they are still having to wait 90-120 days to collect.

No one gets out unscathed, but how many will get out alive.

[PatrioticAmerican]

I've never seen THAT big a cut. Most ever is about 50%. Many are taking 30% cuts.