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re: Advice? Take a paycut and hit the road?

Posted on 4/19/24 at 12:17 pm to
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
52881 posts
Posted on 4/19/24 at 12:17 pm to
The economic outlook isn't rosy for sales commissions. At all.

We're not getting a rate cut this year unless the economy falls off a cliff. With the current state of inflation, especially if Q1 GDP comes in as expected (2.9), we're far more likely to get another hike this year than we are a cut.

Real estate foreclosures continue to rise as do bankruptcy filings.

I would stay put for at least another 3-6 months then gauge what's happening then.

This post was edited on 4/19/24 at 12:18 pm
Posted by Lightning
Texas
Member since May 2014
2482 posts
Posted on 4/19/24 at 12:39 pm to
quote:

The economic outlook isn't rosy for sales commissions. At all.

We're not getting a rate cut this year unless the economy falls off a cliff. With the current state of inflation, especially if Q1 GDP comes in as expected (2.9), we're far more likely to get another hike this year than we are a cut.


This is true but industry plays a big role here. Public agencies are awash with cash right now - cities, counties, state transportation/water groups - federal dollars from ARPA and BIL, as well as increased property tax revenue thanks to increased valuations over the past 5+ years. No clue what OP would be selling but if you are selling products relevant to public infrastructure improvements, the outlook looks very different than selling to private businesses/consumers having to come up with their own cash.
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