I think the big change will come when the present group of younger pilots realise this, see what the next 40 years in the industry at these poor conditions will be like and start demanding better
There are those who opinion that this realisation will cause young aspiring pilots to change course and not sign up. Supply & demand forces might then come into play. China seems to be throwing money like confetti. There must be a reason for it. Will it ever happen in the western world? Doubt it, but there does need to be an adjustment.