This has all been thought of before. You are worth what you negotiate. In the case of the regionals, they are shrinking. There is not enough flying to go around. Management is using this as leverage to give the flying to the lowest bidder. In a few years, the regionals will face a pilot shortage. Unfortunately, the pilots doing the underbidding are signing long term contracts therefore there will be no negotiations when pilots have thr leverage. It's as simple as not taking a job at a regional if you want to make money. It's also as simple as not signing concessions. We did this to ourselves. We have no one to blame but ourselves. Regional pilots deserve to get paid as little as they do.