If it takes time, a strike, whatever to get our compensation industry competitive then so be it. Accepting well below our peers would have left us starting from behind for decades.
Another minor detail - this management has made it pretty clear that without better scope they'll be taking a lot of people's hourly rates to zero.
The previous posters were correct that the old regime failing to step aside gracefully after failing miserably cost the balance of the lost time.
I'm not a math major but I'm pretty sure that the silent majority was not, in fact a majority - and there are fewer every day. It's time to shut up and get on board.