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This shouldn’t be news to people but it is.

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Are they DRAMATICALLY better than you?
1) Do you have the same level of experience?
2) Have you done the same quality of work?
3) Do you both bring in the same amount of new business simply from name recognition or pitching ability?
4) Have you been at your current agency the same amount of time?
5) Were you both equally as aggressive in negotiating your starting salary?
6) Have you both been fending off competitive job offers from adjacent companies?
If you can control for all these things, *then* you can complain/sue.
That’s my point
Irrelevant. Why are YOU worth more than you are getting. If you can answer that honestly, then you might have a successful argument
I would assume that they negotiated a higher starting pay when they joined, and now you are both bound to the agency raise % rules. It will be difficult for you to catch up, and you can’t negotiate more based on you just knowing they get more. It’s really on you to know your worth. And maybe move agencies.
I wouldn’t mention you know that, but I highly advise asking for a raise
Thanks for the thoughts, for context we both have famous work to our name, and work hard. I don't begrudge them being paid well. I was just shocked by the difference.
I know for a fact I make dramatically more than several of my colleagues at the same level, but I’ve also done more famous work in my career and consistently work my a$$ off to deliver solid work on every project. My colleagues haven’t and don’t. Money truly isn’t everything.
But in case your situation is nothing like mine, yes, ask for a raise or look for another gig.
All jobs are voluntary contracts between you and your employer. If you feel you deserve more fight for more or leave. Make yourself so valuable they have no choice but to pay you what you want.
It’s all timing. You were brought in low for whatever reason the market was at that right then, they were brought in high due to the market at that point. Or they had made a jump before at an auspicious time and were higher. It’s not a reflection on you, generally. But, unfortunately the only remedy is to leave. Agency is never going to give a significant raise to keep an asset they have, they’d rather spend money to get someone new (and in this market they can likely do so cheaply).
That's factually incorrect and it's very expensive to recruit there are a bunch of costs and people associated with that
Maybe they have more years experience?