Americans look for no raises (7)
I believe the answer is:
yankees
'americans' is the definition.
(Yankee is an example)
'look for no raises' is the wordplay.
'look for' becomes 'seek' (synonyms).
'no' becomes 'nay' (I've seen this before).
'raises' says the letters should be written in reverse.
'seek'+'nay'='seeknay'
'seeknay' in reverse letter order is 'YANKEES'.
(Other definitions for yankees that I've seen before include "rebellious ex- colonists" , "multiple bets" , "Union troops" , "Ball-players" , "New York baseball team" .)