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Gallup: Worker fears over pay cuts decline

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About one in five U.S. workers is concerned about facing a pay cut soon, according to new data from Gallup, The Hill reported. That’s a sharp decline from the years directly after the 2008 fiscal crisis, when as many as one in three Americans feared seeing slashed wages. In fact, as recently as two years ago, roughly 30 percent of workers worried about a looming pay cut. Workers are roughly as worried about taking a pay cut as they are about getting laid off or losing hours, Gallup found. The most pressing concern for workers was reduced benefits, with about one in three Americans afraid of that outcome.