Unfortunately, yes. Time stops the day you are injured. Raises received after do NOT count UNLESS they were earned but not paid. e.g. your contract ended on 12-31, you are injured on 5-1 while working without a contract, on 7-1, you ratify a new contract, retroactive to 1-1. In that case you would get the benefit of the raise.
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The Average Weekly Wage is calculated based upon earnings prior to your injury (although what prior period is usually an disputed issue). Unless there is contractual basis for your future raise which is effective prior to your injury, the increase will probably not occur.
I represent Employers, but I can recommend Worker Attorneys in So Cal if you ask.
Unless you have a situation outlined by Attorney Candiano, you do not get the benefit of your new raise.
DISCLAIMER: David J. McCormick is licensed to practice law in the State of Wisconsin and this answer is being provided for informational purposes only because the laws of your jurisdiction may differ. This answer based on general legal principles and is not intended for the purpose of providing specific legal advice or opinions. Under no circumstances does this answer constitute the establishment of an attorney-client relationship.
I am not sure of the law in Ca. In Illinois the employer's payments are based upon the calculation of your Average Weekly Wage (AWW) for the 52 weeks preceding the date of accident. This calculation can be simple or complicated depending on a number of factors including over time, concurrent employment etc. If you think you are underpaid you should consult an experienced work comp lawyer in your area.