I currently work for a small private-sector consulting firm in Orange County. I have noticed especially within the last month a drastic reduction in the amount of work at my firm, even with three staff members quitting between the months of October 2007 through January 2008. My boss has mentioned the possibility of 20% pay cuts and cutting back to 32 hour work weeks. This would destroy me financially. Then again, we can very well be fine and not take any pay cuts. At the same time, I had an interview recently with a City for a position closer to my house (my commute would go down from 50 miles one-way to 15) with a minimum 10% pay cut. The desire to be closer to home and the possibilities of building up my job experience are exciting for me (the position sounds very satisfying work wise), but should I hold out for something else that pays a higher salary? From what I've seen in the economy, there aren't very many jobs and the jobs that are available have tons of applicants. In addition, I'm locked into my lease until November 2008. Any advice would be greatly appreciated!