OVERPAID….Here’s the latest news from the non-unionized service sector:
Circuit City Stores Inc. has a message for some of its best-paid employees: Work for less or work somewhere else.
The electronics retailer on Wednesday laid off 3,400 people who earned “well above” the local market rate for the sort of jobs they held at its stores. In 11 weeks they’ll be able to apply for their old positions — which will come with lower hourly wages.
How charming. I wonder if any of Circuit City’s executives are being laid off? Surely some of them are being overpaid too?