Amused one,
Don't think I said anything about seniority contributing to deregulation. If it never happened then seniority would still be a somewhat valid concept, in each closed market if you will.
Of course, airline management will never give up the seniority concept.
You are also correct in that for a while it would there would be demographic shift with potentially underpaying job offers to be had but instead of seniority protecting the T&Cs it should be IFALPA on a global level.
Money for nothing, chicks for free buddy.