No I just see a different story unfolding to you.
My view is that yes, wages will most likely be lower than they are currently because the airlines are unable to sustain them currently.
However I certainly dont believe that they will decrease to the extents you feel because if they do airlines will be unable to find new pilots as the cost of becoming one will far outweigh the reward.
I personally dont mind that much whether in the future I'm earning 100k or 150k. Either way its considerably more than what I earned prior to flying and at the same time I'm getting to do the job I love.