There are fundamental changes in the way we are used to seeing our remuneration rise in line with inflation or in the case here remaining static in turbulent times. The Public sector are coming to terms with changes in their penson schemes for example and taking action they believe is necessary.
The World is changing and for many the the way things used to be will forever change. An employer must make themselves attractive to retain the staff they require by matching market conditions. Similarly if the market rate is down then be prepared for tough times....
Not taking sides here just pointing out that there will be changes for many employees in the coming years and sadly I fear not for the better...