this post was submitted on 20 Jan 2024
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This has become truer every year as benefits are cut (or costs raised), pensions are removed, and unions are eliminated.
Yearly "raises" barely (or sometimes don't) cover increases in cost of living. Unless you're getting something else out of it (such as experience), you're better off switching companies (especially if you move positions and the company leverages you as a resource for that old position).