Wake up sweetie, the next stage of work has dropped.
https://www.wsj.com/lifestyle/careers/that-new-job-comes-with-a-bigger-title-and-no-raise-whats-your-move-b79c919d
Paywall removed: https://archive.is/6ZPvZ
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I think it's great. Promote your employees to leverage their "promotion" on their resume and find a higher paying job elsewhere. Too many people getting comfy with these corporations that couldn't give a rats ass about them.