It's demoralizing to not be able to pay your bills.

WOW The Wall Street Journal does it again.

Many companies oppose pay cuts as much as the rank-and-file do. Pay cuts are often demoralizing, and low morale can cut into productivity, which is a backdoor way of raising costs.

Ugh.. demoralizing... quite a bit an understatement huh?


Hat Tip to Jonathon Tasini from Working Life.