What about that raise?

I wouldn't hold my breath. The problem, as explained by Mark Thoma at Economist's View, is that once growth does return businesses can get by through expanded hours and eliminating forced furloughs and unpaid vacations.

These bring hours and other work conditions back to normal and hence do not place much if any upward pressure on wages. There is a lot of slack in hours alone that can be taken up before the existing workforce is fully utilized, and adding back hours that have been taken away does not require an increase in wages.

Also, so many folks are looking for work that once there is a need to hire, businesses will probably be able to offer the existing wage rate.