Well i don't think having a maxed out pay scale is a big deal. It isn't like a 5 year Captain is doing anything different than a 10 year. Other than the 5 year working more days and getting less vacation.
But the rates should be reflected of that. If we raise the squished the rates (Lower at the top end and higher at the bottom) we might be able to get some stability in the regional sector.
I can understand a somewhat lower first year rate for f/o's. But after year 2 they should be able to make $50k. Should be the minimum for this job.