Hourly rate aside it's less take home pay than 767 or A330 under the previous award flying what the 787 will do.
IsDon: I think the point he's trying to make is that under the previous 767 award doing the hours and sectors that the 787 is going to do, the take home pay would be greater. Mind you, the divisor would also be at least 25% higher to accommodate the extra hours the 787 award can squeeze into 56 days.