1. Roles have budgets and companies only have so much cash to pay people. 2. Raises done arbitrarily to match market rates snowball across the organization. On

1. Roles have budgets and companies only have so much cash to pay people. 2. Raises done arbitrarily to match market rates snowball across the organization. One 20% raise is going to turn into 2, or 3. See #1. 3. "Losing time" because of a junior hire is, oddly, less of a disruption than issue 2 becoming issue 1.