[Arles]

Depends, a lot of those jobs are harder to find. So, if a 60K a year guy loses his job, he can find another fairly easily. If a guy making 120K loses his job, a lot of times he's making that because he's been at his current company for a long time. Going back on the market, he may find it tough to get a new job at that rate. The stress may be more "I can't afford to lose this job" more than the difficulty of the job. Also, most 120K jobs are salaried and involved more hours. Whereas a 60K job is either hourly or not as demanding on weekly hours. If I'm in Denmark and working 50-60 hours a week in a salary job paying 120K and I could drop down to a 40-hour a week hourly job paying 60K and only lose 25K of real money, I would think that would be an attractive option.