...or Santa's elves got no payrise this year?

Santa faces a tough decision this year.
To set the scene for this 'Would You Rather?' dilemma, imagine you're an elf working at Santa's Toy Factory at the North Pole, and sadly it turns out that even Santa isn't immune from the current economic climate.  As a result, Santa's accountants have told him that this year he has to make some cutbacks.

Santa therefore faces some tough decisions, because the budegetary cuts mean there's no money in the pot to give his elves a payrise this year.  However, one option available to Santa would be to give each kid less toys this Christmas and use the savings to finance the Elves' Pay Award.