One point that is missed by these low paying companies is that if you are sat on the flight deck worrying about how to pay the mortgage/rent/rates/tax on car/child maintenance etc etc etc, you aren't concentrating on ther job in hand.
The next thing is having to work in KingDonalds on days off to make ends meet, thus not being properly rested.
Doesn't take a rocket scientist to work out what happens next. Erosion of pay and conditions in any industry is an investment in disaster engineering.
In the same way I wouldn't join my job now on what they are paying recruits, it is the same reason I didn't career change and do what I really want to do and fly commercially. Flying is great fun, but it aint worth living below the breadline for.