Pay Cut | featured news

A new study that surveyed unemployed workers over a 15-month period found that nearly 70 percent of those entering new careers had to take a cut in pay.

Two more public employee unions -- representing doctors, dentists and engineers -- have agreed to tentative contracts with Gov. Arnold Schwarzenegger, expanding to six the number of labor unions the governor has convinced to accept pay cuts and pension rollbacks.

Chicago Sun-Times newsroom employees represented by the Newspaper Guild voted Tuesday night to accept a temporary 9 percent pay cut and other proposals, as parent Sun-Times Media Group operates under Chapter 11 bankruptcy protection and seeks a buyer.

There's something about being naked that makes a person forget a layoff, pay cut or a shrunken retirement account.