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> I assume is the ability to cut back on costs in a pinch without touching the salary itself per se.

A pay increase is a > 10 year commitment, in the eyes of the accounting department. Where I am, it's usually around 60% base cash bonus, %30 base RSU bonus, for "above average" performance (which isn't difficult). I, unlike most of my colleagues, budget my life around my base pay. I experienced the 2007 recession, so in my mind, this is all unsustainable and will crash someday.



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