Minimwage's 5 yr FO scenario might be stretching it, but it's a possibility nonetheless. Nobody knows the future of our company. I don't know why you guys bring up this irrelevance like Colgan has almost never furloughed, or no FO has reached 5th year pay - just because it hasn't happened yet doesn't mean it won't. Just look at now. Up until spring '07 hires, I believe there was never in the entire history of Colgan such a thing as an FO who reached 4th year pay. How many of them are there now and will be? My point is if you had said two years ago (when 2 yr upgrade was max, even that was uncommon) that guys will be on 4th year pay at Colgan everyone would've scoffed at you.
Applicants posting here need/want to be aware of the possibilities and to suggest something won't happen because it never happened before is just plain unhelpful.