Faced with the coronavirus crisis, American workers accept wage cuts

From our correspondent in Washington

Salary cuts are proving to be an attractive alternative for many American companies in the past two months rather than drastic job losses. 36% of the bosses of small companies, employing less than 500 people, have thus reduced their own remuneration to limit their costs, according to the CNBC / SurveyMonkey survey carried out at the end of April among 2220 companies. And 8% also cut the wages of their employees. Recall that small businesses account for more than 40% of employment and gross domestic product in the United States. A study, carried out in April for the Conference Board, of 3000 companies listed on the stock market, therefore larger, shows that more than 60% of them have reduced the salaries of their executives, while 11% have also lowered the remuneration of all senior managers.

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