Define: "demise of the industry".
Also...
Why are SOME (<---please note that qualifier) pilots so entitlement-minded as to believe they should get paid a high six-figure salary for doing a job that has become BOTH far safer AND much easier with the passage of time and the improvement of technologies?
If the overall risks and methods were the same as they were 20-30 years ago, do you think pay/benefits would have decreased the way they have?