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Why does it seem the best way to get a pay raise these days is to job hop?

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I have had around 7 jobs in the past 10 years to get sizable pay raises. It seems like all companies want to give you for a yearly raise is between 4% and 6%. Then you can change companies and see a raise of 10% to the highest I have seen was 40%, why is this. Back when my dad worked he was at the same company for 30 years.