I have worked on the western side of the Atlantic and have seen a dramatic decrease in benefits, perks, morale etc. What really annoyed me was (or is) this blind obedience and acceptance of decreasing qol amongst most pilots. The major failure called ALPA. Management trying to push for even more for you to give up. The result seems frightening: I have never heard of so many pilots in their 5000-10000 hour experience range give up their profession. With the rise of LCCs in Europe the social status of being a pilot might decrease as it has in the US. What I have learned is: Once you give up part of your qol, you will never get it back.