I got ZERO raise this past year and boy let me tell you, it really pissed me off. I didn't feel I wasn't making enough until that happened.
In 2010 I was working in the UK and we had about 5% inflation that year (or so). I got a 2% raise, and found that more insulting than if they had given no raise; even though objectively any positive raise is better than no raise.
Just got an extra side gig for 20-25% hours per weeks so it's like getting a 50% raise and feels great.
Although seeing how many $500k jobs exist in Silicon Valley makes me think I should spend more time grinding leetcode.