Philippine Airlines now is just a training ground. the magic number here is 500 hrs on type (minimum Total time 4000 for PIC position) for the other airlines to hire you. Airlines all over are getting impatient with PAL for not producing enough pilots they need.
It's not always money that's important but how your employer treats you but if you're treated like dirt with low pay, the atmosphere becomes a sweatshop and it's time to go.
Pay hike? They better give the pilots a sizeable one, if not people will definitely leave which could lead to the demise of the airline.