I believe no one in my management chain could have done significantly better. They had their budget and even if they had moved things around in my favor it would have just been a different level of inadequate.
Structurally the entire industry is biased towards preventing you from achieving what I call equilibrium. Equilibrium is where you can't leave your current job for a >10% raise.
I believe it's just a cost saving measure (assuming the ability to pay exists which it may not) and the industry has decided that the average wage suppression is more valuable then the cost of the turn over it creates. I'm not going to pass judgement on whether they are right or wrong.
Ability to pay is a big factor. Most of my prior employers could only offer a fraction of what I currently make.