tomkins,
I fully agree with what you say about 6 figure people at the top deciding on how much pilots get. Also, I don't think every new FO is a fantastic addition to a company - maybe I'm thinking that somewhere, far away, it's 'meant to be' like that after haven taken the biggest financial risk in a (young?) life.
On the other hand... 6.80/hr?! Where do you get that from, if I may ask, Bigbluebroxi?