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View Poll Results: Are you prepared to take a pay cut if you were faced with prospect of being laid off?
Yes, would happily take a pay cut rather than being laid off 13 16.25%
Yes, if I feel that prices will also be adjusted down by around the same percentage (20%) 6 7.50%
No, absolutely not, I don't think this is the way to go 32 40.00%
No, but I might reconsider as events unfold 12 15.00%
No opinion at the moment. 5 6.25%
Still digesting... 12 15.00%
Voters: 80. You may not vote on this poll

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  #1  
Old 16.01.2015, 14:24
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Aftermath of SNB EUR Peg Discontinuation - Would you be happy to take a 20% pay cut?

So given that this decision that the worlds financial markets are still digesting. And with the aftermath effects being felt far and wide, given the expected deflationary pressure on the Swiss economy as a whole and the potential layoffs.

I ask the EF folk a theoretical question: If you were faced with the choice of either taking a 20% pay cut or the prospect of being laid off, what would you choose?
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Old 16.01.2015, 14:25
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Re: Aftermath of SNB EUR Peg Discontinuation - Would you be happy to take a 20% pay c

change jobs and get a pay rise.
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Old 16.01.2015, 15:30
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Re: Aftermath of SNB EUR Peg Discontinuation - Would you be happy to take a 20% pay c

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change jobs and get a pay rise.
For you, but not for everyone. What do you feel is actually going to happen over the next year?
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Old 16.01.2015, 14:26
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Re: Aftermath of SNB EUR Peg Discontinuation - Would you be happy to take a 20% pay c

no.

I would say I still have the same living costs and need my 120'000 to cover those.
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Old 16.01.2015, 14:27
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Just added the poll...

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change jobs and get a pay rise.
What if you can't get a payrise?

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no.

I would say I still have the same living costs and need my 120'000 to cover those.
What if your costs go down by the same amount?

Last edited by 3Wishes; 16.01.2015 at 23:09. Reason: merging successive posts
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Old 21.01.2015, 09:37
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Re: Aftermath of SNB EUR Peg Discontinuation - Would you be happy to take a 20% pay c

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What if you can't get a payrise?
then you're not trying hard enough
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Old 21.01.2015, 09:44
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Re: Aftermath of SNB EUR Peg Discontinuation - Would you be happy to take a 20% pay c

With jobs overseas now costing 20% less. I'd expect jobs which can be easily outsourced to disappear rather quickly.
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Old 21.01.2015, 10:11
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Re: Aftermath of SNB EUR Peg Discontinuation - Would you be happy to take a 20% pay c

Since CH has a (very, by some standards) low unemployment rate and a good trade surplus, isn't it too too early to predict a catastrophe as many here are doing?

I am trying to figure out which industries will get the biggest hit. Perhaps those who are exporters but also very labor intensive? Watches maybe?

Am I wrong to say that it won't be a big deal for the pharmas since they have many production plants outside Switzerland and their margins are high?

Last edited by Capo; 21.01.2015 at 10:34.
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Old 16.01.2015, 14:45
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Re: Aftermath of SNB EUR Peg Discontinuation - Would you be happy to take a 20% pay c

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What if your costs go down by the same amount?
Then you've managed to engineer 20% deflation into the entire economy. Congratulations.
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Old 16.01.2015, 14:47
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Re: Aftermath of SNB EUR Peg Discontinuation - Would you be happy to take a 20% pay c

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Then you've managed to engineer 20% deflation into the entire economy. Congratulations.
I haven't done anything! Surprise Jordan is the one who engineered it...

Magic Jordan's Speed: SNB Link

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I think the market will stabilise somewhere when the other actions take place.

Germany and Greece being two key players here.
With the impending ECB QE decision next Thursday the 22nd of Jan 2015, I'm afraid things might get worse before they get better...

The key player here is Super Mario against the world!
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Old 16.01.2015, 14:51
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Re: Aftermath of SNB EUR Peg Discontinuation - Would you be happy to take a 20% pay c

I didn't see the "Don't be so bloody stupid" option.

A ridiculous question, IMO.
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Old 16.01.2015, 14:53
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Re: Aftermath of SNB EUR Peg Discontinuation - Would you be happy to take a 20% pay c

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I didn't see the "Don't be so bloody stupid" option.

A ridiculous question, IMO.
It may seem ridiculous now but I think this is the question a lot of people will really have to answer if things continue as they are.

#dontshootthemessenger
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Old 16.01.2015, 14:45
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Re: Aftermath of SNB EUR Peg Discontinuation - Would you be happy to take a 20% pay c

I think the market will stabilise somewhere when the other actions take place.

Germany and Greece being two key players here.
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Old 16.01.2015, 15:33
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Re: Aftermath of SNB EUR Peg Discontinuation - Would you be happy to take a 20% pay c

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So given that this decision that the worlds financial markets are still digesting. And with the aftermath effects being felt far and wide, given the expected deflationary pressure on the Swiss economy as a whole and the potential layoffs.

I ask the EF folk a theoretical question: If you were faced with the choice of either taking a 20% pay cut or the prospect of being laid off, what would you choose?
Just being laid would be nice.....
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Old 16.01.2015, 15:46
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Re: Aftermath of SNB EUR Peg Discontinuation - Would you be happy to take a 20% pay c

As i have worked here for more than the required amount, and I have a child, i would say both. Get laid off and get paid 80% on RAV looking for a new job.
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