Fractional,
It would be interesing to see what the gross salary is in these so called "3rd world" countries. For example, what does an Indian domestic B737 Captain flying for one of the major operators gross in a year. How about similar jobs for local pilots in Pakistan, Thailand, Phillipines and Malaysia?
Any Ppruners from these countries care to offer some figures ? Might be very enlightening. 
Re the airline order from a job security perspective:
10 Emirates
08 Etihad
07 Air Arabia
02 Gulfair
Gulfair will really struggle when (and it is when not if) Abu Dhabi pulls out. Abu Dhabi's exit from GF wil be sooner rather than later. The situation with Oman is more complex, but as WY expands, GF increasingly ceases to play a relevant role. Once both countries have pulled out, GF would need massive recapitalisation from Bahrain (unlikely) or institutional reinvestment (a possibility) for it to survive as a long haul carrier.
Who knows, perhaps EY and WY will take the long haul components of GF and leave Bahrain with a very small regional operation. There is also Gulf Traveller - what happens to that?
The question of James Hogan and whether he stays will add further interest to the GF situation.
Etihad has (for the moment) unlimited financial backing and will progressively erode GF operations from Abu Dhabi.
Emirates has the ability to generate huge cash flows with a low cost structure. Stable, profitable route network. All largely unsubsidised compared with EY.
Another carrier which should be on the list is QR. Difficult to work for, but in terms of ongoing financial backing, it's solid.