I am paid for the responsibility I have, the skills and experience I have accrued. I am also paid for the unthinkable - that one time that might require a life and death decision.
I think we are missing the real reason T+Cs continue to decline - the fact there is always a willing supply of starry eyed people wanting to be pilots.
'I'd sell my granny to fly a jet' that way I can wear gold stripes, a big watch and get the hell out my dreary office existence.