The whipsaw in full effect: The cheap"o"s are growing and the good pay/contracts are dying. All the while, pilots are recycling themselves to pay step 1, much to the delight of managements bank accounts. It would be funny if it weren't so sad. This is the third time in my career I have watched it happen too. Some of you may think you are winning now, but I assure you, no one wins in the end - everyone gets a chance at the top and a much longer period at the bottom. So is the circle of life at the regionals. This time, we have no one to blame but ourselves.