Step 1: Understand bulk strain.
The bulk strain \( \epsilon \) is defined as the fractional change in volume. For a cube, the change in volume is related to the change in side length.
Step 2: Calculate the bulk strain.
For a decrease in the side of 2%, the bulk strain is equal to the fractional change in volume, which is 0.06.
Final Answer:
\[
\boxed{0.06}
\]