I respectfully suggest that you guys are all talking about tactics, but not strategy, and when you look at the strategic position of commercial airline pilots its not good.
To put it simply, the law of supply and demand applies to your profession.
Fortunately or Unfortunately, depending on your point of view, it appears that there are a zillion wannabee airline pilots out there. Read some of the Dunnunda threads like "how you will know when you've made it?" and so on.
In other words, there are plenty of takers for your jobs.
As a result, management is simply going to apply the law of supply and demand and lower pilot's wages until the quality of recruits begins to fall off. At that point they will stop and bump them up again.
I guess its just like leaning a carburetted aircraft engine (if any of you remember them?).
I'm not sure how you reduce the supply of pilots to keep wages up, apart from fighting another war or instigating a massive increase in tourism demand.