How do you cope with a pay cut?

Northwest Airlines says: Try dumpster-diving! My favorite quote from their Preparing for a Financial Setback pamphlet (since removed from the layoff packet, after worker complaints) is this:

Start thinking about generating money by selling an asset. This can include everything from having a garage sale to selling stock (just beware of capital gains taxes for next year).

Right, just the thing a dumpster-diving airline worker fears most: capital gains taxes.