He said in the article:

When hiring someone new, companies are forced to play in the open market, competing for top talent. But internally, they create opaque and informationally asymmetric compensation structures designed to minimize growth for existing employees to save the company’s bottom line.

So yes, this is totally just how many (most) companies are run. I work in healthcare and have faced similar issues, where someone I hired as a new grad who accumulated 5 years of experience with me would be making $20K less than someone I just hired who had 5 years of experience somewhere else. I always had some words for anyone who tried to talk to me about retention rates

I’ve been paying $70/mo for gigabit fiber for like 6 years now. It’s been the exact same price every month that entire time. I had to reach out to the Google Fiber people maybe once for a technical issue, and it was resolved quickly with a prorated discount for my downtime.

I just can’t stress enough what a breath of fresh air this has been vs Time Warner/Spectrum and then later AT&T I’ve had at this same address. How many times did I have to call to wait on hold to tell them my service was broken, or threaten to cancel my service so they would lower my rate back down to what it was before they tried to jack it up again? How many technicians did I have to have come to my house for stupid bullshit? Also, the other two ran bare cable barely buried from the junction box to my house, where Google installed a fucking conduit in the ground that can easily be reused.

Google is the best ISP by a hundred miles, imo. Just use a VPN.