The only thing that is going to help pilots make better wages and require more experience is limiting the supply of pilots into the work force by making it a harder certificate and qualification to achieve in the future. This will have to be done through the FAA regulatory system and ALPA. Now is the time to start this battle with the current political environment in place.
The old rules date back way to far and are way out dated for todays complex air transport system. The ATP should require a degree and the hour levels for the professional certificates should increase and require more ground schooling that teach better, weather, systems, aviation law, regs, and of course aviation economics so the student elects to do something else for a career!