Consider also the complete lack of walk away power pilots with seniority have when offered a concessionary contract. After you've been with a company for several years you can't move laterally without taking a huge pay cut, hence pilots are willing to deal with all kinds of ridiculousness to protect their job at all costs. It shouldn't be that way.

If a company is not paying/treating you according to the value you bring to an organization one ought to be able to go elsewhere without having to pay dues all over again.