[bbarn]

I think #2 is just dead wrong. The easiest way to change your status - whether that's income or losing your junior title - is to move jobs. I think the real reason we see so few junior devs now is they just aren't good for the companies paying them. Why invest in a junior developer when almost certainly they will (and should!) leave your company to get more money and different experiences.

[downrightmike]

reevaluate what they're being paid and promote them from junior to senior and pay them.