I suppose its good and bad news?

I am thinking possibly one of the reasons that people may no longer be attracted to this kind of work could have something to do with the bonus structure? I mean it can't be easy adapting to earning less that what you thought you would 2 years ago!

Perhaps people have gone into other fields or have left to work in other countries where they can earn more money?

Or maybe its all speculation and there are not as many potential jobs as they are saying?

No one wants to earn less than they were previously earning, but if you dont have a choice in the matter and if it meant loosing your job or taking a pay cut id probably have to stick to the current job and stick around until such time I could find something with a better salary.

As far as iv read in current headlines companies are cutting down on staff left, right and centre, downsizing etc, there have been a few that have actually created jobs along the way but are those in the majority? I think not, I think there are more people out of jobs now than ever before and holding onto what you have is best until we see some sort of end to all this economic downfall and things start to stabalize, starting up with a new company also could mean last in last out where as if you have been with your company a number of years you still stand a chance of keeping your job if they do decide to start retrenching people.

Gosh what is the world coming to everything is so damned bleak and the cost of living just keeps rising and rising and salaries just stay the same through it all, how are we supposed to survive like this?