I noticed too that there is no shortage for pilots that fall between cadet level and preretirement captains and it gets even worse if you are not type rated. In my former airline pay was the same for cadets and experienced FO's. EU is now a place to get some initial hours and then move to a better place or just be low paid bachelor and perhaps by age of 60 you will buy nice little eco studio flat on the outskirts. Its sad to see how experience is not appreciated in EU but it can change overnight like it did in US.