Even the Employed Lose with Hour and Wage Cuts

In some respects, Kristi Pohly is lucky. The 33-year-old marketing manager still has her job at Pharmatech Oncology in Denver, having worked there for more than six years. But the recession has hit Pohly from another angle. At the beginning of June, she and her co-workers took a 25% pay cut and switched to a 32-hour workweek. Pohly had been earning $55,000 at Pharmatech; her pay is now $41,250, or about $400 per month less on a take-home basis.

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