Switching Jobs at a Loss?

An article on eWeek implies that some software developers are having to take lower salaries than they used to, particularly those fresh out of school.  The Toronto job market still seems pretty hot to me, but with sub-prime and the cascading effect on the economy, it wouldn’t surprise me if this has an impact, either now or in the months to come.

That might imply that this is either a good time to hold on to your hat and wait out the rain, or to make a switch to something ’stable’ now before things get worse.  Of course, if it were that easy to pick stable companies, everybody would be doing it.