Of course its all relative - but in real terms the American guys have lost a huge percentage of their wages and pensions.
If you had been an earner of their wages, and had lived the lifestyle that allowed, then had it taken away, or severely curtailed it would be pretty bad.
Those who come into aviation with the hope of earning the salary of a senior partner in a law firm are entering the business with their eyes shut. Those entering the profession with more realistic expectations will be happier.
Those realistic expectations should include a decent pension - and the things promised at interview. These include a final salary pension for NAPS people, and and "industry leading" defined contribution scheme for the BARP people. that is why it is worth a strike. Striking because we are not paid the same as a law partner or GP is not and is misguided in my opinion.