Yep good times meant high pay and plenty of jobs, now is the reverse (albeit good pay not low pay). Unfortunately some people in these types of cyclical industries tend to spend all their money from the good times without thinking that they might not last and need to save for when the cuts come. Overall working in the industry should provide for a good lifestyle over your lifetime.
40% is a big hit though maybe a starting point to get the pay cut cycle started. Doesn,t seem anyone has confirmed this yet. Would have thought it would have been all over the news by now?
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