Always those who look at people who earn more as being easier able to afford the loss. Sorry, but that just isn't true. We all live to our means, we don't naturally all live on the bread line and then place whatever 'fat' is over into a big 'lets keep that for when the downturn comes' bank account.
I think you will find that the cost cutting will affect everyone, just those who have larger wages will have bigger bills to pay and as a percentage of total income, exactly the same pain.