Why do people need yearly raises in pay?

Question

Why do people need yearly raises in pay?

Answer 1

inflation of the currency is CREATED by payraises.

Answer 2

Because If you start out at a job making say 10.00 an hour, and you make about 400.00 a week and ten years from now gas, food,taxes, cars, houses all cost more you cant afford anything with the same job!

Answer 3

The most common reason is simply to compensate for inflation of the currency.