Ca has a limited comp time rule, but that is restricted to ca daily overtime only, and is narrowly worded. Failing to give you a raise, however, is not it If you google dol overtime settlement you can find hundreds of millions of dollars in settlements very quickly
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Most of them were through the misuse of the outside sales exception (financial services, mortage industry and others), although other exempt exceptions have have been involved.
Or just home document violations, such as unpaid overtime
When you eventually leave this employer, and you probably will, file a wage claim on your way out the door Past that, maybe your employer is a fool or maybe the employer is a knave We cannot tell from here. So one way or another, your employer is doing something wrong