Employees have long been sold the idea that working hard and outperforming their peers would lead to sizable pay hikes and title upgrades. But now, some companies are ditching merit-based wage bumps in favor of “peanut butter raises”—and it’s hurting employee morale. Around 36% of U.S. companies say they gave out standard, across-the-board pay increases
Jimmy Carter worked as a peanut farmer before becoming president of the United States. Mikki Ansin/Getty Images Some American presidents had unexpected jobs before reaching the White House. Abraham Lincoln worked as a postmaster in New Salem, Illinois. John F. Kennedy was a journalist and reported on the end of World War II. While many