I agree with 27/09; this is just another US knee-jerk reaction, and does not address any of the underlying problems. A bit like their ill-conceived "security" programs.
I hate to say it, but experienced pilots can also suffer from fatigue, and whilst an experienced pilot may have more skills to draw on, there is still no guarantee that he/she will avoid an accident.
What about addressing the reduction in infrastructure, reductions in training, scheduling pressures, aging fleets, or many other problems that combine to eat away at the margins of safety?
Yes I'm all for paying pilots (and engineers) more (pick me!), but a salary increase does not automatically improve safety margins. It might reduce some stress factors, but the other problems remain.