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Lay Raise: The result of being fired from a position only you or very few people can fill, only to be hired back at a higher pay rate when the company whom fired you comes crawling back for your help.
So they fired me on Friday, and hired me back on Tuesday, but for more money, because I didn't want to go back for the same. Best three day weekend and lay raise ever!
by LoganPhyve January 31, 2012
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