While the Fed should not be involved in setting rates of pay, they should be involved in requiring that airlines price point their operations at levels that ensure maintenance and other necessary reserves.
Want minimum rates of pay for pilots? It should be based upon weight, max range and passenger load. It could easily be determined by ALPA. It SHOULD be supported by ALL ALPA carriers as a sign of true union solidarity; legacies supporting their brothers.
Don't hold your breath with ALPA. Prater's too busy taking it back.
To a time before flight...