Beside the fact that Ryanair is killing the aviation industry I think that pilots haves good working conditions 5 ON 4 OFF, jumpseats, money is not too bad.
On the other side, they got a month with no salary and they can be kicked out at short notice since these guy's are freelance.
What I'd like to say is that as long as you're flying with them, life is quite ok.
There is still some good conditions out there but these are more and more difficult to find.
Flarepilot is right, a lot of us are 'still' lucky!
Some airlines results are going down and some are just incredibly rising, especially in the cargo airlines.