And of course, these people with the deep pay cuts still have the mortgages they took on when they were making a lot more money. But we won't talk about that, it might depress people:

MECHANICSVILLE, Va. — The dark blue captain’s hat, with its golden oak-leaf clusters, sits atop a bookcase in Bryan Lawlor’s home, out of reach of the children. The uniform their father wears still displays the four stripes of a commercial airline captain, but the hat stays home. The rules forbid that extra display of authority, now that Mr. Lawlor has been downgraded to first officer.

He is now in the co-pilot’s seat in the 50-seat commuter jets he flies, not for any failure in skill. He wears his captain’s stripes, he explains, to make that point. But with air travel down, his employer cut costs by downgrading 130 captains, those with the lowest seniority, to first officers, automatically cutting the wage of each by roughly 50 percent — to $34,000 in Mr. Lawlor’s case.

The demotion, the loss of command, the cut in pay to less than his wife, Tracy, makes as a fourth-grade teacher, have diminished Mr. Lawlor, 34, in his own eyes. He still thinks he will return to being the family’s principal breadwinner, although as the months pass he worries more. “I don’t want to be a 50-year-old pilot earning $40,000 a year,” he said, adding that his wife does not want to be married to a pilot with so little earning power.

In recent decades, layoffs were the standard procedure for shrinking labor costs. Reducing the wages of those who remained on the job was considered demoralizing and risky: the best workers would jump to another employer. But now pay cuts, sometimes the result of downgrades in rank or shortened workweeks, are occurring more frequently than at any time since the Great Depression.

State workers in Georgia are taking home smaller paychecks. So are the tens of thousands of employees in California’s public university system. The steel company Nucor and the technology giant Hewlett-Packard have embraced the practice. So have several airlines and many small businesses.

The Bureau of Labor Statistics does not track pay cuts, but it suggests they are reflected in the steep decline of another statistic: total weekly pay for production workers, pilots among them, representing 80 percent of the work force. That index has fallen for nine consecutive months, an unprecedented string over the 44 years the bureau has calculated weekly pay, capturing the large number of people out of work, those working fewer hours and those whose wages have been cut. The old record was a two-month decline, during the 1981-1982 recession.

“What this means,” said Thomas J. Nardone, an assistant commissioner at the bureau, “is that the amount of money people are paid has taken a big hit; not just those who have lost their jobs, but those who are still employed.”

Michael Moore's pointing out something no one in the media seems to want to discuss: How little money the people who are flying commercial planes are getting paid. As he says, these are not the people you want working a second job:

We're on the descent from 20,000 feet in the air when the flight attendant leans over the elderly woman next to me and taps me on the shoulder.

"I'm listening to Lady Gaga," I say as I remove just one of the ear buds. I know not this Lady Gaga, but her performance last week on SNL was fascinating.

"The pilots would like to see you in the cockpit when we land," she says with a southern drawl.

"Did I do something wrong?"

"No. They have something to show you." (The last time an employee of an airline wanted to show me something it was her written reprimand for eating an in-flight meal without paying for it. "Yes," she said, "we have to pay for our own meals on board now.")

The plane landed and I stepped into the cockpit. "Read this," the first officer said. He handed me a letter from the airline to him. It was headlined "LETTER OF CONCERN." It seems this poor fellow had taken three sick days in the past year. The letter was a warning not to take another one -- or else.

"Great," I said. "Just what I want -- you coming to work sick, flying me up in the air and asking to borrow the barf bag from my seatback pocket."

He then showed me his pay stub. He took home $405 this week. My life was completely and totally in his hands for the past hour and he's paid less than the kid who delivers my pizza.

I told the guys that I have a whole section in my new movie about how pilots are treated (using pilots as only one example of how people's wages have been slashed and the middle class decimated). In the movie I interview a pilot for a major airline who made $17,000 last year. For four months he was eligible -- and received -- food stamps. Another pilot in the film has a second job as a dog walker.

"I have a second job!," the two pilots said in unison. One is a substitute teacher. The other works in a coffee shop. You know, maybe it's just me, but the two occupations whose workers shouldn't be humpin' a second job are brain surgeons and airline pilots. Call me crazy.

I told them about how Capt. "Sully" Sullenberger (the pilot who safely landed the jet in the Hudson River) had testified in Congress that no pilot he knows wants any of their children to become a pilot. Pilots, he said, are completely demoralized. He spoke of how his pay has been cut 40% and his own pension eliminated. Most of the TV news didn't cover his remarks and the congressmen quickly forgot them. They just wanted him to play the role of "HERO," but he was on a more important mission. He's in my movie.

"I hadn't heard anywhere that this stuff about the airlines is in this new movie," the pilot said.

"No, you wouldn't," I replied. "The press likes to talk about me, not the movie."

And it's true. I've been surprised (and slightly annoyed) that, with all that's been written and talked about "Capitalism: A Love Story," very little attention has been paid the mind-blowing stuff in the film: pilots on food stamps, companies secretly taking out life insurance policies on employees and hoping they die young so the company can collect, judges getting kickbacks from the private prison industry for sending innocent people (kids) to be locked up. The profit motive -- it's a killer.

Especially when your pilot started his day at 6am working at the local Starbucks.