In terms of market forces, when QF pilots start leaving for the likes of Emirates or Cathay, you have the dog chewing it's own tail scenario.
Really? Both offer more/similar $$$ as QF. Both offer better prospects than QF WRT promotion. One offers DEFO positions based in OZ. Both are making money. Both have large A/C orders. Neither is agressively competing with itself by starting LCCs. I could go on but you get the picture.
The truth lies somewhere in the middle. A LOT of s/h F/Os are looking. Some are serious, others are just looking. The saddest thing is that none ever thought they would leave QF. The even sadder thing is that NONE would leave if it wasn't for the 'Dixon Plan'.