All this talk of house prices is very enlightening yet you still seem to fail to grasp the whole crux of the issue. That is the management of AL are going to one day undermine the entire pilot body of the airline and give them pay cuts if they are let away now.
From your profile it says you are a retired pilot. Perhaps you got out when the going was good and its a case of I am alright jack thanks. The same thing happened at BA when the pension was closed to new joiners. The old timers looked after themselves. All the AL pilots are fighting for is a fair deal for everyone, not a pay cut.