Yesterday the news was abuzz with an announcement that Sun Country employees face a temporary 50% paycut. A few of the local news story links - here, here and here.
It's a local company so I don't know if the story has hit the national news or not, but think about it. Fifty percent!
Granted it's temporary and it's a way to keep your job. But could you survive on a 50% paycut for the next three months? I personally know many families that simply could not do it. They are barely making ends meet as it is.
We've cut back on spending in my household, as I know many of you have, including cutting back on food, trips to run errands and almost eliminating purchases for my sewing hobby. But in some of my cutbacks almost appear frivolous when I think about the sacrifices these employees and their families will be making.
So tell me, what would you do if you found out today that in one week your paycheck would be reduced by 50%?