Disagreed on point 2. I was at a company more than a decade, and the only sizeable raises I got were counteroffer matches. I liked my job and company, and it made me feel valuable.
And if you say 'well if you were valuable you shouldn't have had to', you're absolutely right, but it's the way things work. My first manager told me I was underpaid, that he couldn't fix it unless I had another offer in hand as he was capped by the company at 4% raises. So I did, and he did. And I did it 4 more times, in total 4xing my pay.
I did leave eventually, but that had nothing to do with pay.
And if you say 'well if you were valuable you shouldn't have had to', you're absolutely right, but it's the way things work. My first manager told me I was underpaid, that he couldn't fix it unless I had another offer in hand as he was capped by the company at 4% raises. So I did, and he did. And I did it 4 more times, in total 4xing my pay.
I did leave eventually, but that had nothing to do with pay.