Great post Krusty!! And the answer..... Well a previous Cathay Pacific CEO said pilot's salaries are the result of Market Forces. This certainly seems to be the case at Cathay at the moment as they are recruiting.... wait for it... Nobody!! And why... Their 'Market Forces' salary/package is not in touch with reality and all applicants are saying "Thanks but no thanks". It seems that REX Management are also on this same wavelength.
Market Forces will continue to play out until REX lift/increase their package until it is competitive with the like of Virgin/Skywest and others... til then... well you know the rest.
b.