I normally get somewhere between 1-2% raise every year. It has at least kept up with inflation so that I didn't get a pay cut at all, but this year is different. With the cost of living skyrocketing, and 7.5% inflation, anything less than a 7.5% pay increase is a pay cut at a time when no one can afford it.
I like my job, but if they toss out another 2% raise this year, I'm going to have to make a counter offer and possibly threaten to leave.
I'm an industrial electrician. I can have a new job by Monday, but that's not the point. I shouldn't have to leave and find a new job just so my pay keeps up with inflation, but I am pretty sure I'm going to have to.