[Revi]

I think the time to scale back is before you lose your job. It's painful, but if you do it now, it will pay off in case it happens. We have one solid paycheck, and it it evaporated we could live on very little.

It wouldn't be any fun, but we could do it. I think...

[Falconoffury]

The guy in the article says that the day of reckoning will come in 6 months, with $200,000 severance pay and $100,000 savings. I urge everyone to not feel sorry for this guy. He should be making adjustments to push this day of reckoning back about 5 years.

I sure wish I could have lived in that guy's generation to have an opportunity for one of those high paying jobs. I'm young, and even college educated young people aren't offered anywhere near this kind of salary. Since the start of the recession, young people are relegated to jobs not even requiring college, if they work at all. I have a decent job now, but I don't know if my employer's company will survive 2010.

[drew]

Wow, an article about a bunch of folks originally making 5 maybe 6 times what I make. They send their kid to private school, and drive beemers. It is very hard for me to feel sorry for them.

[shortonsense]

$this->bbcode_second_pass_quote('drew', 'W')ow, an article about a bunch of folks originally making 5 maybe 6 times what I make. They send their kid to private school, and drive beemers. It is very hard for me to feel sorry for them.

[Outcast_Searcher]

$this->bbcode_second_pass_quote('drew', 'W')ow, an article about a bunch of folks originally making 5 maybe 6 times what I make. They send their kid to private school, and drive beemers. It is very hard for me to feel sorry for them.

[FairMaiden]

$this->bbcode_second_pass_quote('Prince', '')$this->bbcode_second_pass_quote('timmac', '')$this->bbcode_second_pass_quote('', ' ')From article ;

If someone takes a job that pays considerably less (likely with a lower job title and less responsibility), then he find it extremely difficult to get a company to hire him in a higher role somewhere down the road when/if the economy turns around. Companies will look at your experience and think "geez, you must have been a pretty bad ____ if your company let you go and all you could do afterward was manage a Best Buy. We'll pass." If you're in a position where you have a stable job with a good income and have a lot of visibility and knowledge, I would try to avoid taking just any job that comes along, unless you absolutely need the money to support yourself or your family, especially if you want to retain that kind of prowess that you once enjoyed somewhere down the line.