Problem with that is due to inflation, you're making less and less compensation every year. Standard "you're doing a good job" raises often do not meet inflation, and certainly are not right now where inflation is higher than the recent historical mean. This is not a problem for some people, maybe including you, but I think most people have a general vague career expectation of making more when they're 60 than they make when they're 50, than they make when they're 40, and so on--even if they don't plan to be an overachieving "ladder climber".