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. Failing to give you a raise, however, is not it Or just home document violations, such as unpaid overtime
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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