06/02/2009 05:12 am ET Updated May 25, 2011

Employers Slashing Hours, Resorting To Once-Unthinkable Wage Cuts

Across the country, workers' earnings are stagnating or, in some cases, declining. For many Americans, the setbacks are all the more troubling because they have lost so much wealth in recent months, with the value of their homes and retirement packages plummeting.

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