We will never get back to the "good old days" pay wise, its over for good! Way too many wannabees willing to work for peanuts and a tree to swing in and will borrow from mummy or daddy to get started. LLC wages will be effectively 5-10 percent less in ten years than what they are today because of the shear number of wannabees trying to get in, and lets face it when you work it out you can get a "proper job" straight up with a cadetsh#t and don't have to worry about GA an awfull lot will take the cadetship! GA scares a lot of wannabees off.
I also think J* is using the cadetship to bring wages down to compete with Tiger over the long term.
Any word on the EBA?