Discouraging pay will never kill this scourge alone. The banks own the vice clamps after years and years of pilots defaulting on loans coupled with the banking crisis. 10% wage increase will not open the vaults again. If the banks decide to lend again the training pipeline will be as full as ever.
Walmart anounced they are raising their min wage employees 20%, and just about 30% for those in states with only the fed min wage. WALMART?!? (The stock price took a 3% hit on the news) walmart - a company predicated on everything cheap. Strange things afoot.
In regards to raising first year pay, pilots need to get over their "where is my raise if they get a raise sandbox attitude." Priority number one is gettig first year pay indexed behind second year pay in accordance with the rest of the longevity increases. Simple. Then we can all move in lock step together.