"What we need to do is try and get these elements talking to each other, and also to start thinking of it as a complete process, " he says.

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But the fact that most employees have gotten used to thinking of anything less than a 3 percent raise as a pay cut means that this adjustment process happens a lot slower than it would have 50 or 90 years ago.

FORBES: Three Percent Is The New Zero Percent

It's been our journey and the way of viewing the process that created a platform for smart thinking and a place where everyone acknowledged nobody was as smart as everybody.

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