I have raised the question before about how low jet crew wages could really go until the steady flow of eager pilots dwindled to a trickle. It is an interesting experiment that we are seeing played out at the moment.
The problem still remains for the operator though that they need to
retain staff, which is harder with low pay scales than attracting pilots who are after their first jet job.
I gather
VB is losing quite a few FOs at present but hey it's only a rumour.
So supply & demand has to work itself out to retain experienced crews, hence "loyalty" bonuses etc.
At the end of the day it is still a great job. Look around you at "normal" professions. Look at what the wages are like then think before grumbling too much.