"Market Forces." That has been the Cathay mantra since the mid '80s. It worked in favour of the pilots right up to the "Dispute" in '89, since when it has all been downhill. Of course, that was not the only reason, but it was certainly the catalyst that got the Beancounters scheming.
It might swing the other way in years to come, but probably not until enough 'Wannabes' say "enough, already" and seek more lucrative careers. Driving a fuel bowser at Tulla springs to mind. Low skill set, minimal training, no recurrent licence checks, but a very strong Union. Is there a message there, perhaps?