All I can say is good luck to you guys and girls. Reading threads like this is very sad indeed.
I guess it's the old supply vs demand. Unfortunately for you guys there will be no shortage of shortsighted fools who will sign onto this contract, and Jetstar knows this.
On the flipside, the helicopter world that used to be the poor cousin to airlines is showing a marked increase in payscales for multi-engine IFR drivers (once again supply vs demand). Fortunately it is the clients that dictate the minimum experience and not the operators, or I'm sure we would see the same thing.