Assume that yesterday you earned $50,000/year and today you were told that you will have your pay reduced to $25,000/year (extreme I know…just an example).
Can you quit and claim unemployment benefits in this instance? Technically you still have a job and were not fired but just the same the two salaries are hardly comparable. I seem to remember that a significant enough pay cut would allow you to quit and be eligible fro benefits but it is a dim memory.
Anyone know for sure?