My view is that yes, wages will most likely be lower than they are currently because the airlines are unable to sustain them currently.
Why dont you explain to us all here with your wealth of experience, how you know this? Most are sustaining profits despite record fuel prices.
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.
That point has already been reached in my opinion. Just people with SJS not facing the fact.
Look forward to seeing you bleating and moaning on here in a few years time because you can't afford a decent lifestyle. And you are fatigued all the time.
Most of my uni mates make more than me. And I'm on a better deal than J*
Wish I had never got into the game really.
Good luck with your new career. In my opinion you will need it.