It’s a market economy. When there were more pilots than flying, airline managements had no qualms whatever about using furloughs and even bankruptcy to force lower pay scales and allow reneging on CONTRACTUALLY GUARANTEED pensions. Well, the shoe is on the other foot now. Time for the airline managements to pony up $$$ AND QOL. No “trading” this for that in this environment. It isn’t necessary.
They had no compunction about taking advantage of the situation when they had the advantage. Any pilot not wanting to take advantage of current leverage to regain at least part of what once existed is a fool. Anyone willing - in this environment - to accept a less than inflation-beating contract is basically voting to scab his/her own job.