In most cases this only applies to first year F/O pay at mainline. After that the hourly rate quickly raises to above the average regional CPT pay (around 5 yrs.)
All these ideas are meant to create an ideal pilot working system. But we fail to address one simple idea, cheap labor. Management teams have worked tirelessly to find ways around their current labor contracts. The solution came in the form on contracting out work to other companies. Until the legal system rebalances to represent both parties equally, the unions will be powerless to stop the work loss.