Appellate Practice Attorney serving New York, NY
There is no such thing as a standard yearly raise for all businesses, in all industries. Absent a contract which so provides, you have no right to a raise, annually or at any other time (unless your wages fall below the minimum wage requirements, or you are being discriminated against for unlawful reasons, i.e. all men in the same position got a raise but women did not.) I know many people whose compensation has decreased over time as conditions in their businesses have changed.
Answered on Mar 26th, 2015 at 10:34 AM