As shown above, I am no pilot so cannot comment too much on this subject. From the outside looking in I can see that as long as certain sections of the aviation community continue to pay for their own licenses and agree to work for lower wages / safety conditions they will continue to devalue the position of pilot / fo / enigineer (if you still have them!) for everyone else. Not just a financial devalution but also that of Professionalism and self respect.
Wiggly