I'll say it again and again even though it always fall on deaf ears...

PAY AND EXPERIENCE DO NOT HAVE A DIRECT CORRELATION... PAY AND SUPPLY OF PEOPLE WILLING TO DO THE JOB AT SAID PRICE ARE DIRECTLY RELATED.

If you guys dont want to earn what they pay, then you must find better paying job. In the absence of such jobs, the work you do is only worth as much (or as little) as you are willing to do it for. The market tries to regulate itself. Having said that, the aviation market in America is slightly different due to the contractual pay agreement of the unions involved. With prices already set in contracts for many years to come, the market is affected in two different ways;

1. The market is lagging in self correction due to an artificial price set by unions for services tendered. The market can not react to supply and demand and forces management to cut costs in ways that are unnatural to basic money management. Thats the simple one....

2. This one is more difficult to comprehend... One portion of the compensation received by a pilot is the promise of a better pay as their careers progress. Even though the pilots do not count that portion, that future potential back pay as part of their regular compensation, that very potential is the main reason why we tolerate the low quality of life and pay. This is in economic terms referred to as "opportunity cost".
Without this hidden incentive no one remotely intelligent, as I believe most pilots are, would subject themselves to a career with such potential for a poor return on investment regardless of how much they loved what they were chasing.
The same exists with actors/actresses and professional athletes. However, with a quick study of those careers one can see that their struggle is not as illogical as ours. I wont get into the details of why here, thats another topic for discussion. Just think about it open mindedly and honestly.

The system of unions delegating pay has worked for many years under the railway act for they had the power to strike and cripple the management and the industry as the last resort. But as the industry has become wiser and with a more free market capitalistic point of view of the courts (which I think is the only way to do business) that very last resort of a strike has been taken away from the unions, making them effectively useless to their cause and struggle.

Want better pay?
Short term solution:
Dont work for what they pay you and find other (higher) paying jobs.

Long term solution:
GET RID OF YOUR UNIONS AND COMPETE ON YOU RESUME, ABILITY, AND ETHICS. FREE MARKET IS A WONDERFUL BEAST.

p.s.
I dont correct my spellings so please.... for those of you that want to correct them feel free to do so and also grow up.