Today on Planet Money:
— The last time we heard from Noel Paterson, the Microsoft worker was driving the backroads of Washington State, picking up cheap electronics he found on Craigslist. Now, he checks in from his new post on the economic frontier. Paterson was one of 1,400 people Microsoft laid off this week.
— Which would you rather have happen to you — a layoff, a pay cut or a furlough? As companies look for ways to slash costs without canning workers, more of you are reporting that you're being asked to take short periods off without pay. Listeners Elizabeth Call and Daniel Cross wonder what will happen next, and economist Howard Rosen worries.
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