The CEO of my friend's company recently advised all the employees not to expect a salary increase this year. When asked why the CEO responded that 2009 had been a tough year economically and that the competition was not hiring.
This reminds me of the joke about the two hikers who were charged by a bear. While one hiker started panicking the other calmly removed his hiking boots and put on his sneakers. "What are you doing?" said the first hiker, "Sneakers will not help you outrun the bear". "I don't need to outrun the bear", replied his friend, "I just need to outrun you."
Zzzzz...