They said they're only allowed to give out raises in December, but the new advisement for what they can offer new hires changed in January. So that means every existing employee is fucked for the whole year, no matter how hard they work, and then when raises do come up, since it's a simple percentage ranging from 3-6%, up to 10% in extreme cases, they will still likely end up with less money than any new hires that also get raises in December.
Last December, they said I hadn't been there long enough to get a raise, which I agreed made sense at the time.