Ed Icionsub

I read an article via yahoo news from salary.com I think it was talking bout how paychecks would remain without much of an increase this upcoming year for 2008. We have already seen lots int he news about companies including yahoo laying off thousands of people, and it seems that those people aho are kept on will not see much, if any, of an increase in salary this year.

Add to that the cost of goods ans services going up, then I guess it is safe to say that we are all going to have less money this year. Add to that the fact that the dollar has been down, and we see that the money we do have is buying less and less this year. The article said that even if we are not in a recession, CFOs will be acting like it by cutting back on labor expenses.

Looks like it is a good time to spend les time working and more time doing things that are cheap like playing frisbee at the park.

This entry was posted on Friday, February 22nd, 2008 at 9:08 am and is filed under Business, Money. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.