Wirbs....good post.
Whenever I'm approached on the topic my advice is look don't look at me and my lifestyle,or aspire to my T&Cs, cos in the blink of an eye they'll be gone. I tell youngsters contemplating the career to go look at the T&Cs at the likes of Norwegian, because that's at best where the managed (or not) decline in T&Cs is taking everybody if the CEOs get their way.
For those who don't think it can happen at the Big Airline they aspire to after a few years at a LoCO... at BA the legacy cabin crew contract (very nice) ended overnight and was replaced by something very very different. The only thing stopping them doing the same to pilot T&Cs is the union...and they're slowly giving ground.
but anyhow good luck to your son...