[teilo]

> It could just as well be that 80% of the company was profoundly undercompensated whereas you are already compensated in line with market rates.

As a manager, I cannot emphasize this enough. It happens all the time.

[treis]

It's very unlikely that a developer hired 4+ years ago is compensated in line with market rates. The market has gone bananas in that time and it would be very rare for a company proactively give raises big enough to match.

[teilo]

It's not unlikely at all. I've seen it many times.

[treis]

Many people have won the lottery. That doesn't make it likely.