What never seems to get discussed here or anywhere, is it is probably impossible to raise FO pay to a livable wage. Why....because the majority of the pilot group has to vote in favor of it. The company can provide addition capital to the pilot group, however the pilot group has to agree on how that money is distributed....the senior pilots would get the majority of that income. Does any airline have the capital to give 100% across the board raises to all of the pilot group just to bring FO's up to a livable wage?

Unless the government gives an executive order to raise the pay outside of company and union control, it isn't going to happen.