A persons salary is a function of how difficult it would be to replace them. It is usually that simple. Therein lies the problem of GA in Australia. The glut of pilots however, seems to have shrunk to a more realistic number and so demand will definately stimulate better T & C.
Flying Tiger I agree with some of your post about short term effects on the labour market. I disagree about huge CEO salaries though, especially when the company goes backwards and the CEO still makes millions. There is something wrong with the mechanism when that happens!
You may be a laboured voter but I think that you probably mean Labor.