it is not even “no increase”. wage increase not proportional to profits is wage theft and wage increase not higher than inflation is horrible management.
Expecting wage increases proportional to profits is only reasonable if you also accept cuts proportional to losses.
oh this definitely already happens either in the form of pay cuts or lay offs. And anything below inflation rate should be considered a cut really so you get cuts even when there may be profit. So getting a cut only when there is a loss can even be considered a win from this perspective lol.