Now salary compression refers to little financial change--
"no in-range movement in one's salary range,"
as described by Tom Hocking at UNC Chapel Hill.
Salary compression means that when new faculty find jobs to fill
"except for across-the-board increases approved by the Legislature,
they'll stay at essentially the same level over most of their tenure...."

"How can that be?" you'll be tempted to say,
"won't I get a raise every year from merit pay?"
Probably so, but the way most Universities raise you
doesn't tend to make you feel like they've really praised you.
Cost of living climbs 3.5% annually, sometimes 4.
But colleges don't give cost of living and, for merit, raise you more.
Instead, when you do the very best work you can give,
you'll get your 3.5% raise, which is what it's gonna cost you to live.