Australian airlines still have their head in the sand with arogance.
You're the only one with your head in the sand. Your wage is determined by market forces, there is no jedi conspiracy at play against you. Ryanair isn't increasing wages because they felt sorry for the pilots, the supply shortage forced their hand. Chinese contracts aren't for the sums they are because of the wonderful unions in action there.
If someone is prepared to do your job for less than you and at the minimum acceptable standard (not hard for a pilot) then there will be downward pressure on your wage. And that has been the reality for a long time now.
Perhaps the trend will reverse due to the reduction in supply currently enveloping the industry but to suggest that a failure for rapid wage growth is due to 'airlines having their heads in the sand' is entirely myopic.