Are there any agencies that give annual cost of living increases? Independents?

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Our agency is a mid-sized independent, and we tend to give everyone an annual increase. It’s not guaranteed, but NOT doing that is the exception.

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I once had a boss make an all agency announcement saying "there will never be raises for cost of living. It's not my fault if you choose to live in an expensive apartment."

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That's exactly what the mentality was

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W+K does

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We do give cost of living raises at a 80 person independent agency. Not guaranteed but it is the default.

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I work in a pharma agency. Annual merit increases are the norm unless there are major performance issues and I’ve seen very occasional market adjustments to salaries as well.

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