Aaaaah Genex it all becomes clear -
how can you say pilots are getting 'market rates". Exactly what is the market rate for a wide-body Captain on Pacific routes when there is no free market?
I didn't realise there are market rates depending on the specific routes I fly. I better drop in and let management know that you have come up with a new concept for paying pilots.
But......between the 70's and now Southwest, Easyjet and Ryanair have put 1000 ish jets in the sky, carried zillions of people and created scores of 000's of jobs while your "legacy" world view slowly strangled other airlines with the "We've always done it this way" ideas.
I love it when someone shoots their own argument down. Jet* guys would love it if they were paid the same rates as the three LCC you mentioned. Hmmm...but maybe that doesn't work cos they fly on different routes to those carriers........