One job I had for 20 year's and I never saw one increase, infact, the £1000 taxable bonus I received if the store was doing well, which it most certainly was during the yupee era, was also stopped as peoples ability to spend shrank.
With mortgage rates going from 10% to 15.4% in the early 90s and the introduction of poll tax, we had to tough it out literally.
I'm still careful after all these year's even though I'm comfortable, the hardship and trauma stays with you.