Thursday, 19 March 2020
You Are Next
When big daddy took one month pay cut last month on 28 Feb, I remember thinking, "This bad huh?"
My worst fear was confirmed last night when someone that mattered shared with me everyone at his top management level had to take a 10% pay cut effective this month.
I know some of you may take schadenfreude glee on knowing this.
But don't say it out loud least you expose your intellectual "lightweightness" to everyone...
Landowners and shepherds out there know what this means.
And what's coming next....
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SMOL,
ReplyDeleteMid & top mgmt take pay cuts. Lower level take retrenchment when push comes to shove.
Ok, ok ... the trend now is unpaid leave, or lesser hours for those hourly-based.
After that mid mgmt also kena retrenchments.
Finally top mgmt resign for "personal reasons" or to "pursue other interests". LOL!
Graduating class of 2020 & 2021 will have sudden surge of interest for civil service & stat boards, just like in 2009-2011. Kekeke!!
When SHTF, former gungho investors (entrepreneurs, private sector, startups etc) suddenly become savers (CS, stat board) .... hmmmm....
DeleteSpur,
DeleteNeed to accumulate "moral authority" so when they bring out the long knives, people cannot say they did not take the pain first...
And we'll probably have no shortage of teachers going forward.
Old birds take early retirement!
ReplyDeleteCW,
Delete"Early retirement" forced onto old birds is not the same as ownself retire ownself due to having enough :(
Those with debts and an expensive lifestyle will suffer the most!
ReplyDeleteLots of my closed ones already have colleagues retrenched.
But hor, dun worry, all governments of the world will provide Stimulus! the whole world will print more and more to Save You. Will they?
Rolf,
DeleteOf course big governments will bail themselves out and their fellow landed class peers ;)
You think why the landed class so generously "contribute" to their political shepherds?
Be it be millions in campaign contributions, or directorships or lucrative "consulting" gigs for politician's immediate family members?
I do well; you do well.
I fall; you fall with me.
Savers are the sorry lot. Never speculate, never gamble. Always do the right thing.
When speculators do well, they get laughed at...
Yet when speculators get into trouble, savers have to bear the pain too?
Eh???
Smol,
ReplyDeleteRetrenchment also positive. There will be some benefits with such exercise. One may be able to pursue his/her interest thereafter.
WTK
Ben,
DeleteAre you working now?
Or have your retired already?
You know what I'm thinking?
Whether you are full of it...
Or maybe I should bow and say namaste to you.
Room!
A highly cultivated man is in the house!
LOL!