Just as in any other industry, a customer will always go for the cheapest option. Especially if they are ignorant to the quality of each suppliers product. Naturally Competitors will drop prices incrementally until either they win the majority of the market, there competitors go broke, or in the case of G.A. all operators go broke together.
Australia has about 5 major hubs with 5 different price schedules for the same work. Why do some operators maintain high prices, still get the work, and in turn maintain aircraft better than the next guy and enjoy better safety records.
It cant happen overnight, but wouldnt it be nice if everyone got together and said if you want to hire a light piston in this country you will have to pay. Im sure Turbines would become an option then.
But of course, we would all struggle to spend our Airline Level Salaries and I would be as Naive as ever.