so what are the chances that a significant portion of the population was being paid more than they are worth? Whether because of skill set or simply the industries are adversely affected by more competition?

there are certainly people getting raises, so is this limited to specific industries, regions, or other category? Is there a break out where raises are occurring versus where they are lacking?

anecdotally, personally I have no friends in my circle who made mention of no raises. poor raises sure, but that is always relative to expectations