I seriously reakon when they work out these 'conditions' they sit around the table and go - nah go less than that...nah less - lets see how low we can go, people will still apply. Sadly I reakon they could offer 45K and people would still apply! I'd put money on them still having more applicants than positions!
Perhaps we'll go like GA - pay for your endorsement and hang around the airport and we'll give you a trial - then we might put you on casually! It's a bastard sweeping the hangar at an airline though! :P
I guess it's closing the gap in wages between pilots and other jobs in the transport industry such as forklift/bus/train/ferry drivers!