The Pigs already emptied the trough! Its the runts that might want some of the leftovers instead of being sent to slaughter!
My take.
The farm has changed it's rules.
1950's-1978 Little real competition. Employee groups wanted a pay increase. The company gave in during negotiations and billed the US Gov't. Professionalism, pride, innovation and creativity (and hot pants) were abundant.
1978-1990ish Companies were forced to compete or die. Employee groups wanted a pay increase and for the 1st time (post-degreg) comapnies were forced to compete or die. No worries. Those companies whose business model wasn't founded on unicorns and rainbows seemed to find their way. Others merged with smaller entities so that they could compete and several failed proving themselves unable to adapt. The layer of fat built up while suckling off of the US teet had begun to be reabsorbed. Airlines were becoming more efficient which was a good thing. Pay rates didn't decline by double digit numbers; they maintained. Some management types did, however, identify labor as a VERY easy target for further cost savings and we in the industry saw some of the very 1st B Scales and other labor cost savings initiatives introduced. Those 1st were not to be the last. Union busting is also another favored tactic of some management types. Some airlines fell hard, some nearly fell and others scattered to spend as much of their warchest as possible on other airlines to make the individual airline's balance sheet and income statement look like an undesireable dance partner.
1990ish through 2000 The model is broken. Losses abound and employees wonder, "WHAT ARE WE DOING WRONG"?? "Management custodians" (CEO/President) continue to walk through the revolving door of Airline HQs accross the country. ie... CEO walks in the front door with a full carde of supporters, excited employees (about to be screwed) music, confetti and a free pizza lunch. The "NEW CEO" is full of bright ideas and ways to "save" the airline. Employees bite in with full vigor and enthusiasm. They follow the CEO into battle, running at full speed, dodging pitfalls, turning corners and fighting the enemy. They can't see what is ahead of them but they CAN still see their hero, the CEO. "No matter. He will protect us.", they say. The CEO jumps off of a cliff just ahead of the brave employees behind him and deployes a golden parachute completed with stock options, a bonus severance package and a wet bar staffed by 12 virgins.
The employees fall off the end of the cliff.
The model was broken and would likely have failed within 10 years of the end of this period anyway. Some airlines would have begun to fail in less than 5 years following this period as the continual FAIL or MERGE phenomenon that began following deregulation continued into a 3rd round of collapse. Management simply recognized that fact that the model was broken (or were too stupid to recognize it) and decided to begin making corporate decisions for today instead of investing in tomorrow. Why invest in tomorrow... the model was broken. Where can they continue to harvest new cost savings? LABOR!!! "Why not. They're stupid. Look what Harvey did over at ABC airlines. Those lemmings jumped right off the cliff. He had a nice golden parachute.", management says.
How can they replace high paying jobs easily? Regional Jets. What exactly IS a RJ? We still don't know. Is it 50 seats? 70? 90? 110? Hell, why not just make it an easy 150? It's an easier number to remember than 110 anyway.
And so the cycle continues. in comes the hero CEO. He unveils the 5 steps to recovery and "saving" the airline; complete with pay cuts in exchange for a carrot (stock options, more jet orders, massages at the layover... whatever), and finally he jumps and disappears from sight completing only those steps of his recovery program that relate to cost cutting (so he can pocket more). But he had a nice parachute.
2001. Ooops. All bets are off. "What do you mean we can't continue to poach money from labor for another 10 years until the model completely crumbles", heros across the nation cry. "I guess we simply need to speed things up", they reason.
50% paycuts become the norm. Pensions? What the hell is a pension? RJ? Bring em!!!!! Passengers don't want them so much as compared to a mainline jet but who cares... CEOs are thinking about today.
We are stillin this period. CEOs know the end of status quo is here. They are reshuffling the deck in their favor too.
Call pilots pigs if you will but with pay rates as they are the profession is dead. Pilots are individuals who has proven themselves (and continue to prove themselves) as consumate professionals. Right now the job description and responsibility factor does not match the payscale.