I reckon you're close to the money, Sunfish.
* the erosion of the the Captain`s authority;
* the degradation of the conditions ALL front line staff;
* the paring of staff to below reasonable levels;
* an unproportional increase in the numbers of "managers";
* a disproportionate increase of upper level managements' remuneration & conditions vs other staffs`;
* a decrease of the inflight "amenities" available to pax (with the cc`s copping the resultant abuse);
* higher stress levels of staff from management pressure to perform, or have their jobs outsourced.