From looking at some of the starting offer pay for engineers, I wouldn't make a statement like you did above at all. There are those that indeed recognize that you'll have to pay to get talent and then there are those that are floating amounts so obscenely low that all you can do is laugh at them. I'm sure they sit back and wonder why their ads are running 6 months at a time, with obviously no people filling the positions.
...
"Qualified" worker: "Must be willing and able to do a $150k/year job for $25k/year with no expectation of anything more than basic cost-of-living raises."
"Waahhhh, there aren't any qualified workers!"
And then you've got the employers that will dangle an entire bushel of carrots to entice someone to work there.
The odds depend upon the job market in your area. Can you go to another company and make that kind of money?
Don't know. I'd assume so, given the median/mean salary data. I can't say I've shopped around though. There are various small businesses in the area that would need engineers.
Can your current employer find somebody to replace you at somewhere around your current salary? You have almost ZERO chance of getting that kind of raise in one fell swoop. You'd need to either move to a different company or work something out with the current job where you're given regular increases over 5 years or so to get you up to where you belong.
I don't know how often someone like me comes around, if I may be immodest for a time. Some of the instructors I mentioned weren't the sort who'd normally say a whole lot of positive things about just anyone. They'd been in industry 20+ years before teaching. I'm sure that puts them into "I've seen some
shit, man!" territory.
I swear I remember a thread here where someone asked for a
substantial raise and got it.
I lawyer, I think? I remember an avatar with a fedora....not that that narrows it down a whole lot.

Maybe the exception, and not the rule.
Unless you have an offer near the median I'm not sure what incentive they have to give you more money.
But fuck it ask for more money. What's the worst that could happen?
What I'm wary of then is the power-play aspect of it. They say "no" and I say "Ok thank you, may I have another?", then when annual raise time comes again, they'll be armed with information about what they can get away with, and would likely be more prone to lowball it.
I wouldn't be complaining about my pay after surviving three layoff events, while many of my former coworkers are much worse off.
But doesn't it say something that they held onto me throughout all that? Remember that I was still fairly new. Most of the people let go had been there longer than I had. I did bring a set of skills that the company had been lacking in though.
And some of this, too.:$
...
As a management seminar once pointed out: How do you treat your best, hardest working employees? Just like the bad ones except you give them (hardest working) more work.
Fascinating. Reading this paragraph caused a brief surge of emotion. Most of it involved urges to cause horrific destruction.
In addition, the bad ones might even get less to do, since they'll just screw it up anyway or get in the way.
(Though sometimes this
does end up moving them to the front of the line when it comes time to shed some heads.)