Manager said the market value of my position has raised since 2017. So people joining in 2022 will be paid the new (higher) rate. While employees who have been in the company and are being paid less will slowly be raised upward to meet the current market value. According to management, all the veterans can't be bumped up at the same time cuz that would cost too much money. Blah blah blah budget bullshit let's save money on all the dumb veterans who choose to stay.
Here's the thing, I've been with the company for 5 years and have trained several employees who made way more than me (only discovered this recently, hence this post). Why would I wait around to be bumped up with these shit raises when I could just quit, apply for one of the many open positions at this same place, and get the new market value?