Unless one knows a thing or two about business practices, the current situation cannot be fully understood.
This industry as a whole has been able to build downward inertia for a long time now. If you pull the wool over people's eyes slowly enough, they won't notice. Consumer hold on the current low ticket prices didn't occur overnight and will not be undone overnight. Airline managements are not entirely stupid as most pilots think, but rather their goals are different. To the end of maximizing revenue, you've got to hand it some of them. The GoJet situation was an attempt to maximize margin and nothing more and it was potentially a smart thing to do from an entirely profit driven perspective.
From the viewpoint of one who creates a company, builds a name and a reputation (assuming a good one - not the case for some), and is hellbent on turning it into a money making machine, the single line item on the income statement labeled "Pilot wages" needs to be as low as it can be - and so it is today.
These bean counters have the pilot cycle down to a science. Don't think for a second that they want you working a career at their companies. Numbers have been crunched to determine the maximum return on a pilot considering training cost allocation, increasing pay scales, needs for captains, etc. Make it too pleasant and folks top out on the payscales - much of this stuff we bicker about on this board is engineered, I PROMISE you!!
Things might change for the better. My opinion is that things will improve, but it'll be a long time down the road. So long as new regional pilots keep showing up to take the jobs in more numbers than slots - and they are, after all the experience requirements are adjustable - and consumers demand ultra cheap travel, managements will do their thing.
Labor supply is at a surplus and will always be, even if experience requirements have to be moved to wet ticket levels and the 6 month zero to hero schools show record enrollment.
The ultimate question one has to answer for themselves is whether to be a part of it or not.