At this time of year our company usually does salary reviews, this is usually to match inflation and provide increases based on good work etc. Where I’m based, the last few years inflation has come in at 4% and then 6% this last year vs a usual of around 2%. When I asked if our salary would be adjusted to match this, the response was that the company couldn’t afford it.
I also work with some of the financials for my sector, and have seen that we have been charging our clients adjusted markups in line with inflation for the last few years, so this was total bull.
Put my cv out and landed a job with a decent increase in pay, and just handed in my notice, I couldn’t be happier!