Just a reminder, even "if" and thats a BIG IF the company were to give two 5% raises it would NOT make up for the take aways that they did in 07 and 08 when they stole the pension program from the mid range hourly employees. That Purple Promise BS and Portable Pension is a serious joke, it's only reason to even exist is so that FedEx can say they they provide a pension...a pension in name alone.
I have seen my take home drop to half of what it used to be, just because now I have to put the max amount allowed into my 401k just to be able to HOPE that it will provide me some sort of retirement income. Income amounts that will never be as high as a traditional pension program. Try living on the West coast on just over $300 a week AND I'm a full time employee thats been with the company for over 15 years!
But just remember, we can't tax the rich, and we have to make sure "our shareholders" are happy. Re make sure Fred and the rest of the talking heads stay swimming in cash!