Spoke with a colleague recently, who told he had not gotten a raise in 4 years.
He is one of the most productive person I know. The situation he is in is simply disgusting (no raise for 4 years and he is a single dad).
He told me he did not want to make a "fuss" and that he was happy to have a job. My response was something close to: "F* THIS SH* YOU NEED THE MONEY!".
I told him the goal of our company is to make him work as long as possible, for as little money as possible.
What you describe would be ideal. It's not going to happen, because it's not in the interest of any corporation.
Too many people work very hard and reach their targets consistently. It would mean too many people got raises every year or so.
The older I get, the more I realize cooperatives, maintaining strict, egalitarian, internal democracy and respecting all, is the only acceptable form of organization.
@ParadeGrotesque I don't know how those will become common as long as the system is heavily biased toward giving all the resources to hierarchical corporations. Equity financing, in particular, needs to go away.
"I appreciate SDF but it's a general-purpose server and the name doesn't make it obvious that it's about art." - Eugen Rochko