Listeners Respond: Pay Cuts In Today's Economy

Tuesday, March 13, 2012

We’ve been asking you to reach out and tell us how your job has changed since the great recession. Some of you have told us about unemployment spells while others have told us they couldn’t be more happy in their current employment. A number of you spoke of another issue: pay cuts.

We speak with Mike, a firefighter from Miami, Florida, and Keirsten Huth, a small business owner from Charlotte, North Carolina. Both Raul and Keirsten have suffered pay cuts in the last few years.

Guests:

Raul and Keirsten Huth

Produced by:

Marc Kilstein

Comments [5]

Karen from Miami, FL

Before the recession I really took my job for granted. I lost my job in 2008 and didn't find another one until 2010. It was an hour commute each way, had no benefits and was "part-time" eventhough it was 40 plus hours a week! I was very lucky to have savings and retirement which is now depleted. I now have a new job that is great! I will never again take a good job and benefits for granted again.

Mar. 15 2012 07:12 PM

In 2010 my contract ran out at a job close enough to home that I pedal to work when weather permits (and which has a gym to use!). I went to work for a fun company that also had a great gym to use, but they had a bad quarter and laid me off last month and gave me 6 weeks of pay to boot. Fortunately, after 3 weeks I am back working at the same location I pedaled to previously. Not only did I get 3 weeks to get some serious cleaning done around the house, but I also made out at the bank. I've always said that skilled and educated workers can always find a job, though sometimes it takes a little sacrifice.

Mar. 13 2012 04:06 PM
Roxanna from Hollywood, FL

I absolutely love my job! The job I had prior was 10 minutes from home but was stifling... I went through a few weeks of unemployment before I found my current job and it is exactly what I was looking for in a job - except it's an hour away from home.

I'm stuck in my house - I live with my boyfriend who bought a house (prior to our meeting) in 2007 in S. Florida. The house was appraised then at $125,000 and is now worth $40k. He can afford the mortgage but we're virtually stuck there.

Driving an hour everyday is $80 a month in tolls and $410 a month in gas. It's financially wearing and beginning to take the shine off my job. I've decided to take the bus to work but it's an hour and a half each way... I've thought about looking for a job closer to home because I can't afford a more gas efficient car right now... but do I want to lose a job I love?

Mar. 13 2012 10:25 AM
Lisa from Yorktown, NY

I am a Physician Assistant and I work in Westchester, NY. I love my job because it allows me to think. I work with a great team and I have autonomy and can care for my patients in the best way possible. I, and my fellow PA's haven't suffered as much as people in other professions during this recession. In fact, I have increased my income and job satisfaction considerably. Being a PA is a wonderful alternative if anyone is considering a career in medicine. But be forewarned, the competition to get into PA school is fierce and you have to have stellar science grades to proceed. Otherwise, this is a great career with potential for advancement and flexibility in schedules which is great for parents with young children.

Mar. 13 2012 09:19 AM
Elizabeth from Brooklyn, NY

I lost my job of 13 years in November of 2010 after six months of harassment aimed at getting me to quit. As a VP I had stock options and other incentive bonuses coming to me unless I left freely. I stuck it out and left with a package, but also suffering stress related health issues. After six months, I found a new job only to be laid off after nine months. I was terrified of being fired and often had flashbacks to the other experience. I've emerged from the whole ordeal committed to working freelance, focusing on my husband family and doing whatever it takes financially to make a success of flying solo. In the end, I know I'll be better for building my own business. As a designer, my creative products made millions for the companies I worked for - now I'll have more freedom, even if less money at first, but believe in the end I'll be much happier. If the recession hadn't forced the issue I might still be slogging away, working for 'the man'.

Mar. 13 2012 09:07 AM

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