bluepilot and capt kingkong,
Anything can be defended with a good rethoric and well constructed phrases based on a seemingly unquestionnable logic of economics... that's how governments are ripping off countries, or good lawyers are keeping criminals out of jail...
Ask your boss how he likes the "crisis" and how much profit he makes out of it... while you satisfy yourself with "less money than the industry std"
you guys buy it, your choice... but don't insult the intelligence of those who can clearly see out of your little bubble...
If you can sleep ok while some of your colleagues doing the same job as yourself are making 30% less money than you, then I sincerely hope that you are not part of the "great bunch"