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Edited by Player3Th0mas: 3/19/2013 4:38:18 PM
9

The Economical Crisis, have you been hit by it?

Lost your job or earn less money?

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  • I took a 10% pay cut just before the economy tanked. During the worst of it, we actually had our best years (salary restored and raised), and opened 4 new plants in as many years. Just now, as the economy is recovering for everyone else, we are slowing down again. With all the new plants, our break even is way higher than it was before the crash, so while we are still doing more business than we were, not sure demand will keep up with how much production we have grown. The health of the company I work for is tied to oil and metal prices. While high oil and metal prices is usually bad for the rest of the economy, they are good for us, because higher prices spurs more exploratory drilling, and opens up mining that is otherwise cost-prohibitive. The more drilling and mining, the more lucrative my job is. I have had to take temporary cuts, but so far, they have all been restored with regular raises, so I can't complain.

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