Your Manager Loves You. Here’s Why Your Raise Is Awful

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A reader sent me an email asking if a “1.75 percent raise” was appropriate for a salary in the $90,000 range. “It’s like giving a waitress a $7 tip on a $300 meal,” he wrote.

First of all, wouldn’t it be awesome to get a 15 to 20 percent raise each year? Second, if any of you leave a $7 tip on a $300 meal, you deserve a good smack down; raises and tips are not the same things. The reality is a 1.75 percent raise can be an awesome raise, and it can be a terrible raise. Here’s what’s

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