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Certainly not great, I imagine.

That being said, there is a substantive difference between being hired at a salary and suddenly having your salary cut. The former is why companies try to hide what everyone is paid; to avoid the lower paid workers from feeling screwed and advocating for more money. But having corporate come in and say “your labor is now worth 70% what it was before” creates unavoidable feelings of being valued less by the company, because that’s exactly what’s happening.



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