Would you take a 5% paycut?

[the chi]

In this economy, Id take a paycut before Id risk losing my job, but we dont get those kind of options at my company. We havent gotten raises in years, we arent allowed overtime, and when we do work 6-7 days a week we then get bitched at for taking that comp time a few hours here and there...

We had a local guy do something similar, instead of laying off or firing to avoid paying umeployment, he just gave his entire salaried staff a 20% paycut, and they were grateful to keep their jobs...