[WorldMaker]

My continued disagreement is with "most industries". I think software, especially in "tech hubs" like Silicon Valley has been extremely privileged in raises and I think that colors a false perception of other industries here.

Historically, it seems to be a nice privileged outlier for white collar positions, at most; blue collar work has rarely paid a premium for any individual, much less for experience, and in general has worked very hard to avoid thinking of labor in terms of individuals.

Anecdotally, I've yet to see this "significant raise" for ten years of experience in my own career, and among peers I've straw-polled neither have they. Some have only gotten that cost of living raise through complicated job hopping. Admittedly, I've prioritized overall standard of living over raw income for most of my career to date. I could be doing better, but I'm doing alright.

It does very much look from my cynical point of view that industries that will pay a premium for individuals with experience are few, and increasingly disappearing/extinct in an overall marketplace that hasn't respected labor in decades. The only guaranteed "industry" in current American economics with significant raises of any sort is the C-Suite fraternity. Software has been very fortunate to keep getting good table scraps, with luck, in tech hubs, before cost of living and work/life balance are adjusted for. Lawyers and Doctors with collective effort have done okay protecting their wage gains. I don't think there are many other industries beyond those that can claim the same, even (and maybe especially) adjusting the averages for age.