Great post, Ignition Override.
I wholeheartedly agree with your points.
The reason overseas contract jobs pay so low now, is because 7 years ago, when they paid well ($125-75k/yr) qualified pilots were at a premium. Then, they discovered regional/general aviation pilots in the US and elsewhere with no jet experience who would fly for much less ($65-40k/yr) just to get big-jet time in their logbooks.
It has hurt the industry, and decimated the proper pay scales for those pilots who are truly qualified and have the experience. It has hurt the industry, and made it worse for those young, inexperienced pilots who want to break into it.
Nobody can live on $3250/month commuting from the US to TPE (no names).