bcpilot,
So based on what you just said about how pay was negotiated by union, I would say then the pilot pay won't be changing any time soon, if ever. I *highly* doubt any top shelf pilots will give up any pay to help the bottom guy. And if I was airline management, I would come up with a pay scale that would work and blame the unions, specifically the pilots for not helping their own ranks out to shut down this whole "pilots being paid like crap" party line.
So basically, the regional airlines are likely set to implode.