I mean if the market rate for the job you were doing is $70k, and all of a sudden fresh college grads are getting paid that at your company, it doesn't mean that you'll now get $100k elsewhere if you leave. If that is the case, you should have already left.
Now if you were already being underpaid and you were staying at the company for some other reason I could see bailing when others got a pay bump regardless of their contribution.
It's interesting how disingenuous conversations can become on HN. Where in one thread everyone will happily acknowledge that lots of developers work extremely long hours at startups for peanuts (in hopes of a possible big future payday) compared to what they could make guaranteed going to work at a larger established company, in another thread the mentality is that everyone is always optimizing for short term earnings.
To the point the person you responded to brought up though:
Those years of sacrifice could have been compensated through equity grants instead.
Don't force your value system on others.
I personally am happiest when I'm working 70-80 hours a week and appreciate being compensated for my hard work. Just because that doesn't describe you doesn't mean I should be forced to attain an artificial "balance."
No, but I would start looking for another job. If the company has the excess profit to be giving out huge raises, I'd be upset that those raises were allocated only to low performers.
Secondly, Ensorceled specifically said (s)he would start "enjoying the weekends", which implies the long hours were, unlike for you, not being particularly enjoyable.