Quote:
Originally Posted by lio45
Basically, the question boils down to "are the conditions of your current job good enough that a 30% pay cut, all else staying the same, would still be preferable to having to find a new job?"
|
It's roughly equivalent to negotiating a new wage at a new job. It might be your best alternative or it might not be.
You could write textbooks on the complexities of how wages can be sticky, labour laws, etc. and I am sure they exist. But to a first-order approximation, wages depend on supply and demand (which depends on productivity), not employer profits. There are industries where people get paid tons of money and the employers have small profit margins, and industries with huge margins that pay peanuts to wage slaves.