About that pay cut we forgot to give you...

It's the midst of the Great Recession, and this big bank starts telling the companies that provide it with IT contractors that it's cutting rates, according to a pilot fish who's caught in the middle.

"The marketer I worked with warned me this was coming," fish says. "My contract was renewed every three months, and I figured when I got the contract that cut my rate I'd reduce my spending, continue working at the bank and start looking for the next project at a better rate.

"But I didn't get an updated contract from the contract broker. I kept getting paid the same rate. Since nothing changed, I figured either the bank didn't change the rate or the contract broker decided to absorb the cut."

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