I hope that when thing will be a bit better, within few years, pilots at EZY will be better treated
Terms and conditions will always go down in aviation, it has never ever improved and it never will. Even for passengers easyjet is getting worse and worse.
But you are right, easyjet is not a flag company, it's a european low cost, like Ryanair. Low cost means that costs must be LOW.
After all monkeys can fly an A320, there is no need of experienced crew anymore. That's the way it is.