I may sound cynical but here's an alternative to this: 2% annual pay rise and you get laid off/become unemployable ( because of the youth cult) when you hit 50.

I may sound cynical but here's an alternative to this: 2% annual pay rise and you get laid off/become unemployable ( because of the youth cult) when you hit 50. People are truly sick and tired of waiting 10,15,30 years to get somewhere. I'm not saying it's good, but that's just how it is.