@nizar thanks for writing this up! I just want to add my support to everything you said - I agree 100%, and your calculations line up with similar calculations I’ve done in the past. Although I wasn’t aware of the minimum hourly rate; this was previously not published.
I’m in a very similar situation, so you’re not alone.
On this point, I’m not sure it’s true. Members have access to sustainability metrics, but can’t see how that directly translates to how much the team wide raise will be. The teamwide raise isn’t even guaranteed - according to the handbook:
with annual raises often in the 5-10% range (though some years it can also be 0% when the results aren’t good).
So it’s quite possible to do excellent work for some years and not receive any raise. For example, if one joined in mid 2015, by mid 2017 they would have worked for 2 years and not received a raise (reference post)