Sorry in advance if this sounds like something from the Bronze Age, but in the mid-1980s I worked in the semiconductor industry.  The company had an extended contraction in orders and we had to tighten our belts.  We had an all-hands meeting and were offered these options: a ten percent cut in personnel or a 10% cut in our wages.  It was a no brainer; we took the wage cut.

Sorry in advance if this sounds like something from the Bronze Age, but in the mid-1980s I worked in the semiconductor industry.  The company had an extended contraction in orders and we had to tighten our belts.  We had an all-hands meeting and were offered these options: a ten percent cut in personnel or a 10% cut in our wages.  It was a no brainer; we took the wage cut.

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