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That’s basically table stakes for a senior engineer no? At that point you should ask for a bit more salary and a better bonus structure or RSUs

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I actually think that we're underpaid since we live in a country where labor is cheaper even though we get more and more experience, we can't compete to get the same compensation as to the Western part of the world. How do you negotiate something like a raise that much even though there are these circumstances?

I don't understand your logic.

As a general observation, salaries reflect the costs of living. So given the exact same experience and qualifications a SE in San Francisco,CA will earn more than one in Little Rock,AK.

So living in SEA where labor is cheaper and living costs are lower than the USA, the salaries for SEs would also be lower.

Where is home? Maybe you compete for other things like better working hours, more work from home time, more vacation?

Philippines, I do work as a remote dev. Yes, we do have flexible hours but I still grind 40hrs/week.

You might be able to maximize your earnings going independent and becoming a contract worker.

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