I cannot believe that any professional airline pilot on this forum is arguing in favor of this. Even if you are not flying for one of "The Big Three", those airlines SET THE BAR WORLDWIDE in terms of pilot compensation, quality of life, and retirement: Period. Full stop. End of story.
Whatever negative shockwaves strike the top tier of the industry will resonate throughout every distant corner of it: Major, National, Foreign, Regional, 135... EVERYTHING.
Anyone who gloats or wraps themselves in schadenfreude due to this development is truly shooting themselves in the foot.