Originally Posted by FlyingNasaForm

I am looking at it from a supply and demand viewpoint.

If there are more people willing to do the job, than there are jobs, then pay will go down. Yes there are people willing to do the job for less, so by definition I am overpaid.

I know it doesn't appear that way because 20 years ago pilots made a lot more money than they do now, but times change. There is a large supply for pilots and low demand, which means that the price of labor is lowered.

Yes it sucks for all of us, but that's how it is, when the economy bounces back in 10 years or so, we can leave the industry for a more profitable one. Or perhaps the pilot shortage will return, and then we'll be the first to take advantage of a low supply of pilots.
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You mention to whatever it takes to turn a profit as if it's a bad thing.

I would rather be paid market wages for a successful company, than be overpaid at a company that just closed its doors.

I hope we can keep this discussion civil, I know it's a touch topic. I've done a lot of reading on economics and the free market is like mother nature, you can hold it off for a while, but eventually she'll break through the levees.