I think it more likely companies adjusted their salary bands to be at least in the ballpark of each other, so you either need to move locations or take a “riski

I think it more likely companies adjusted their salary bands to be at least in the ballpark of each other, so you either need to move locations or take a “riskier” job if you want an automatic large bump in salary. There are clearly exceptions to this, but in general, companies have started to wise up.