Nail on the head. That said, it's not chalk and cheese either. Fr affects all. If you're perpared to work for $hit in fr, all anyone else needs do is pitch slightly above that, $hit + 1 if you like. You're cutting your own throats and everyone elses.
Oh so true CamelHair..! The lowest common denominator drives the market..
I've seen this in other countries too... hate to say it but this happened a while ago across the pond with certain sectors of the industry - guys prepared to pay to work, one operator with crap t&c's - suddenly presto! all the other operators know they can also start to dilute t&c's, save money where they never previously could and we all bend over...
So now you have a whole new market developing - TRTO's cutting back a slice to the airline for the SSTR, airlines saving big time and all of us getting royally b*ggered...so much for unity!