Demand will outweigh the supply - when it comes to pilots in the future. (There will be a pilot shortage, it's inevitable.) This will change nothing. Safety will be compromised and pay (as an industrial average) will still decrease. Get while the getting is good ladies and gents. Flying a bus is all we do...
The only thing that will change this is changing the FAR's. You **cannot** put a 250 hour pilot in an airliner...