In 20 years time the job of airline pilot will resemble that of sailing instructor in terms of pay. Sad fact is: it is perceived as desirable hence (we all) want the job. Pay will only ever go down as a result. Some airlines raise the bar for entrants and still pay lower wages in comparison to 10 years ago. Supply and demand chaps. We have had this conversation many times over the years but it will only ever get worse. There really isn't much that can be done other than a change of law in some respect - don't ask me exactly how.
Hats off to the GAPAN Captain - at least it's a push in the right direction from someone with some clout.
I always said right from the start of my 'career' that for a seemingly professional industry to require a supposedly sane person to stump up the kinds of cash required to enter the profession, it kinda makes a mockery of the sound psychological requirement to do the job. Ironic in the extreme!