Right, my argument above is assuming a sort of "all else remains constant (or within the value range of the raises you are given)" except for experience with th

Right, my argument above is assuming a sort of "all else remains constant (or within the value range of the raises you are given)" except for experience with the company. Change in market place conditions, and change in skills, definitely do create an argument for raising pay. In the tech industry I'd argue that this isn't being accounted for enough (why turn over rates are so high), but if we look at something like "wallmart manager" I think it probably is. This is a good portion of why I started my post with I don't completely disagree.