This is the only area in which I'd disagree...pay should reflect one's relevant experience. So a 20-year CA should make more than a 5-year CA, and so forth. That's how it (generally) works in most other industries; experience is valued and compensated.

Of course, then the question becomes, how do you define experience? Total time? Total # of years at the airline (classic seniority)? Total time in the equipment you're on?

Still, all I'm saying is that the 'modern' system of airline pay calculation was created what, nearly 100 years ago? It does not remotely seem to fit the modern age...