That is, of course, of no consolation to the SR workforce, who find themselves priced out of work.
Given that labour costs are a significant cost (and possibly the only variable) in aircraft maintenance, pushing for higher and higher wages will result in pricing yourself out of work, out of the market and into oblivion and redundancy.
It's about balance and understanding competition. You can't be the most expensive worker, producer or supplier of anything and expect to remain in receipt of business and resultant cash from others, regardless of quality or what you might think of yourself or your desired lifestyle.
That said, responsibility rests with management to control costs. They should have pushed harder on costs.
JAS