Well, lots of hot air and posturing but no one has come up with any argument as to why captains should not have pay parity with senior managers; FOs with junior managers; and PSRs/CSDs the same as (or slightly more than) FOs.
I do apologise for leaving engineers out of this scenario - I'd place holders of licences with type ratings and A&C plus Multi X or whatever the JAA equivalent is at a middle- management level - between Captains and FOs. Holders of LWTRs around FO level or slightly less. Engineers as I've said many times before are a vital part of the airline business and people who have very sadly been overlooked for too long. A good engineer is worth his/her weight in gold and at the end of the day is what makes flying safe!
I also think that pay rates for cabin crew generally should be substantially increased. I was recently going through some comparisons with pay rates for CC at different airlines and frankly (a) I can't see why they would do it for what they are getting vs the hassle they get from flight deck and the pax at times; and (b) no wonder there's such a high turnover. Perhaps if CC was made more of a 'profession' and considerably better paid then they would be prepared to look upon it as a longer term career than currently seems to be the case for many. As for their pay, let's put it this way - one could chose between a dozen CC or one BA long haul captain!
Incidentally, if anyone can come up with any other industry where the line personnel get paid more (basic pay) than management I'd be interested to hear it!