It’s the midst of the Great Recession, and this big bank starts telling the companies that provide it with IT contractors that it’s cutting rates, according to a pilot fish who’s caught in the middle.

“The marketer I worked with warned me this was coming,” fish says. “My contract was renewed every three months, and I figured when I got the contract that cut my rate I’d reduce my spending, continue working at the bank and start looking for the next project at a better rate.

“But I didn’t get an updated contract from the contract broker. I kept getting paid the same rate. Since nothing changed, I figured either the bank didn’t change the rate or the contract broker decided to absorb the cut.”

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