Utter tosh. If we all accept a 50% pay cut all we will achieve is destroying this profession. I for one much rather stay at home for two years if required and return to a fair paying job than to keep my job but work for half the pay the rest of my career. Is simple maths if you look a career earnings. How many pilots are employed is determined by how any aircraft airlines want to operate NOT by how much we are willing to cut our pay. Even if you accept 60K MOL will want 30K. If you accept 30 K he will be after 15 and so on. Willie Walsh, Alex Cruz, MOL and the rest are after the absolute minimum they can get away with. If they can get you to pay to work even better. Don't fall into the trap.
I have done pilot selection in the past. I judged candidates on their technical knowledge, their performance in the sim, the psychometric testing, their hours on type and on seat and on wether I could sit next to them for a 12 hour stint without going mad. I did not care wether they did a paper round when they where 16 or wether they took a career break at 40. I specially did not care if they agreed to take a 50% pay cut to stay in their job.