Companies don't pay employees based on the performance of the company, but on the performance of the overall economy. They probably realised that although have

Companies don't pay employees based on the performance of the company, but on the performance of the overall economy. They probably realised that although have done well in 2020 if wages in the broader economy have otherwise been stagnant and there is a surplus of individuals looking for jobs right now there is no reason to raise salaries. I guess the question you need to ask is whether you believe your labour to be worth more, if so you could still personally push for a raise or start looking elsewhere. Personally I don't think it's reasonable to expect a company to pay you more than you're worth (especially in a larger company) just because they can. If you want to share in the financial success of a company the best option is to become a shareholder.