Category: pay cut

Americans Like Work From Home So Much, They’ll Take a Pay Cut to Keep It: Study

September 12, 2022
Business & MarketsCompanieseconomypay cutremote workersUSUS Newswork at homework from homeworker productivity
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Workers in the United States are willing to take a pay cut so that they can continue working from home, states a study published in August. Work from home (WFH) was found to average 1.5 days a week worldwide, according to the study conducted by a team of international economists and other experts. The study,…

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Chinese Local Governments Cut Employees’ Pay as Debt Escalates

December 17, 2021
ChinaChina Business & EconomyChina’s debt problemschinese local governmentsdebt crisispay cut
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Amid a growing debt crisis, government employees in at least five Chinese provinces have reported sudden, substantial pay cuts, affecting their livelihoods. In December, government employees from five provinces—Jiangsu, Zhejiang, Guangdong, Fujian, and Shanghai—have disclosed their salary reduction notices on Weibo, China’s version of Twitter. The reported pay cuts were around 20 to 30 percent….

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Aussie MP Drafts Bill To Enforce A Pay Cut for Politicians During COVID-19 Lockdowns

September 2, 2021
AustraliaCraig KellyInternationalJacinda Ardernpay cutTony AbbottWorld
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United Australia Party party leader and MP for Hughes, Craig Kelly, is proposing a bill that will cut politicians salaries during lockdowns. The private member’s bill called We’re All in This Together Act 2021 seeks to reduce politicians salaries to $750 per week while the state or territory is in lockdown. “ALL MPs need to take…

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