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News and Notes
FCIC draws on a variety of sources to bring you useful consumer news, tips and advice.

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Should I Take a Pay Cut?

There are more than 16 million people unemployed and an estimated 3 million job openings. Clearly we've got an oversupply of labor. And as the rule of economics says, when the supply of a commodity (labor) exceeds demand (jobs), prices (pay rates) will fall. According to the 2009 Annual Career Fair Survey by Next Step Career Solutions, the majority of people would consent to pay cuts to be re-employed. Read more...

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