Summed it up nicely SNJ. I've got a few hours less than you, but not that far behind. Guys with your sort of experience here are taking a large pay cut to go to Jetstar NZ because Jetstar Oz (similar pay to turboprop command) aren't employing until January.
One of the Check and Trainers at another company here applied for the Jetstar Cadetship!
Got through two interviews before they realised he had an ATPL and said he wasn't eligible for the cadetship. Interestingly though they offered to progress his application as direct entry (an application he'd put in 7 months earlier but hadn't heard boo from). He declined stating if it took them two trips he had to pay for to Melbourne how many more would it take to realise there was some box he didn't tick with Direct Entry. But there you go, willing to pay $80k for an A320 endo when guys with less experience than him are only paying $20k.
It's not my favourite option, but the majority of people seem to be playing a game of musical chairs - grab a seat, any seat, at any cost (though if it happens to suit you even better), tick as many boxes as you can in that seat and hope the music starts playing again in a few years time - with only a handful of guys opting to stay in GA until something better is offered. Welcome to GA with Jets.
The FH guys seem to be encouraging it with HKA.
The shipping industry saw a similar change a few decades ago - people went from starting their apprenticeships to becoming a Ship's Captain and had a 40 year career with the same company. Now everyone jumps from job to job and company to company to get ahead - the good news there at least was pay increased after the initial drop in conditions.