A raise usually means a 5-10% increase, a job change a 20-50% increase. Asking for a raise makes little sense.
So, they've been continually giving me raises. It's really nice, but frankly, it doesn't matter. I'm still interviewing elsewhere.
They're right; I want to go somewhere where I'm challenged, and unless they can pay me 40% more than what I'll make on the free market, I'm a "flight risk".