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Are employment agencies justified in giving pay decreases due to the "economy"? How does the economy effect?

Due to workforce reductions, a bunch of us are getting an 8% pay decrease. This is because of the "economic climate". Don't these employment agencies make money regardless of the economy. The company I work for (through kelly services) pays kelly services, and then they pay us a percentage. How does the economy effect this??

Public Comments

1. I suspect they are getting fewer requests for workers and their income has dropped and that's why they're giving pay decreases.
2. sure...effect what...to bad...less chance of income for them and you, so they have to work harder and make less to get you to work more and get paid less.
3. Employment agencies are in the business of selling your labor to businesses that are willing to pay for it. With official unemployment rising, employment agencies have a much larger pool of potential labor to sell, with a smaller demand by businesses. They can afford to lose some labor by making an 8% cut, because there will be enough workers that stick around to fill the demand for labor by the businesses the employment agency services. Addition: You can blame labor unions that these employment agencies even exist.
4. If firms don't lower wages, they will have less reason to employ you at all. Do you want a pay decrease or do you want to be unemployed? That IS the trade-off.