I don't know if this is strange, but these times all seem so familiar. I remember some time, long ago, I was looking for a job and the market, not the pay, was hot. As you, I was determined not to take lower pay. I finally just said screw it, I might like the company, so let me take a job while still looking. I did so. I landed the job so easily with a well known company and they offered more pay than others. I must say, I really liked the job and had a lot of freedom starting out. They had unlimited overtime, I took advantage of that. They had great benefits, took advantage. 3 months in, all of a sudden higher salaried people that had been there for years starting getting fired left and right. More new people came in. Only a few people talked about pay. I had gotten lucky enough to get in at higher pay. 5 months, more people getting fired, new people kept coming. Rules got tighter and bosses were maniacs now. Bonuses, which I forgot to mention, were harder to obtain. 7 months in, more new people, even lower pay, overtime cut to 10 hours with permission. Everybody was under a microscope and easily fired. 2 months later, I ended up getting fired. 2 months after that, the whole department got sold off and everybody who survived the craziness, had to move to another location further out. Their top pay was $15/hr. with everybody either taking a severance, pay cut, or leaving. Guess who stayed, all the new hires. Guess who took that severance, all the employees who has been there 10+ years. Employees of 5 years or less, some opted for a pay cut. By that time, everybody was looking for a job and the market was bad with pay even lower. Then the economy crashed.
I said that to say, do what you can for the moment because, to me, it feels how it felt back then, because of how it's moving, almost as if we are tipping the edge of a crash. Try not to get caught up in that above, because it seems to be changing back to employers being on top, after employees severely abused the demand for higher pay. At the same time though, employers abused employees for so long, giving them mediocre pay. So....?
I'd say, take the lower pay, but keep looking, because what if you like the job, the people, the environment, the benefits, etc.? You'll probably survive the crash that's coming and others with higher pay will be scrambling for anything to come in once they lose that high demanded pay or else job. You don't want that! And it's crazy, but a job is not about pay and I wish people would stop thinking and moving like that. That's not the purpose of working. Aren't we supposed to love the work we do to feel mentally better? I guess mental health really not a top priority...?! That's another story. Good luck though....
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