I think what it really boils down to is Year 1 and Year 2 pay need to be a living wage no matter what airline you work for, regional or major. I think the real issue is there is a lack of a standardized career progression. This was brought up in testimony before Congress 2 days ago.

In fact, if you haven't seen the video yet, you should. It just about sums about all the problems and concerns of the regional airlines and its pilots in a neat 90 minute package.