Would you take a 50% pay cut?

[scooterscot]

1) no

2) in exchange for shares, maybe

[Old Greg]

And Santa Claus should exist, but he doesn't. Nice logic.

Scrapping NI would hurt Social Security, if it were use to pay for it, which it isn't.

The reason you believe Santa is because you've never met him.
The reason you've never met him is because you haven't been a good boy or girl.

Where does that leave your so-called logic?

[AtW]

Getting rid of NI contributions would just screw up the social security system.

Keeping people employed means they don't claim unemployment benefits.

Employer NI is total nonsense since by definition that employer is providing job in the first place, wtf is it paying insurance for?!?!

There are so few manufacturing jobs left that removal of NIC on those is a no brainer - the trouble is dealing with those "creative" types who'd claim NI relief because they are somehow related to manufacturing.

[Peoplesoft bloke]

1) no

+1

Would rather take 100%

[Sysman]

However if you had a skill in a dying industry and lived in the a**end of no where then taking a 50% cut with a hope that the business can turn round is preferable to claiming the dole.

Not really. That's the time to get out, for that 50% pay cut will leave you stuck in a place that has no opportunities, and leave you without the brass to escape.

[aussielong]

I was offered a 50% pay cut with the incentive of 200% pay back if the company was eventually bought out.

I asked if I could do 50% of the hours instead -and work from home. Since they were near the end and needed me more than I needed them, they took my offer.

So I got another job at the same time. Since I could work twice as efficiently at home with no interruptions, I ended up working 125% of a full time job and taking 150% pay.

The company went under in the end.

[Scrag Meister]

In response to the OP, it depends what the alternatives were.

Bench? I'd take the 50% cut.
Contracts available at decent rate? I'd move.

[russell]

Would never happen to us skilled professionals.

[SimonMac]

Would never happen to us skilled professionals.

Is that because McDonalds has a good union?

[Mich the Tester]

Is that because McDonalds has a good union?

No, they're in constant competition for the best fry rackers and burger flippers with Burger King. Only the best are good enough.