I just don't see why we pay 3rd year captains differently than a 20 year one. The quality of pilots are essentially the same. Lower the top wage and raise the bottom I say.
The senior pilots already get their choice of vacations/trips/holidays etc.

And in my perfect world all airlines would have the same pay for a particular airplane.
Crj200 at Mesa/skyway/blah blah should all be equal.
Management should be able to remove labor from the equation.