Is it fair to say that 'all' more experienced crew/captains/FO's will work for a wage as low as a freshly minted cadet?
Not all, but I'll go out on a limb and say that the vast majority of captains would now work for the c.£45k that was until recently on offer for easyJet SOs. The vast majority of FOs would work for free to "stay current" while finding another job (or two or three) on the side to pay the bills. New normal.