The business issues with the airlines have become safety issues in the cockpit.
Poor pay goes hand-in-hand with safety issues in regard to the "human pilot". Absolutely. I said this in another post but when one has to worry about their ability to pay bills, raise a family or simply afford something healthy to eat it can play a huge part in your ability to focus on the flight. When one becomes emotional and stressed about those issues, they become mentally fatigued and the ability to perform is hampered. Would you want a poorly paid surgeon, stressed, emotional and unable to focus 100%, to open your belly? I wouldn't. Just as I wouldn't want a stressed and emotional, hence fatigued, pilot flying the airplane Im sitting in.
If you're well compensated you can stay focused on your job because you feel secure in your ability to survive (pay the bills, raise your family, eat a decent meal and live comfortably). I certainly wouldn't be able to perform at my 100% if I had to consistenly worry about meeting basic needs such as feeding myself or paying next months rent.
In addition, moral is at rock bottom. If the business/management of the airline is poorly condcuted it can have a huge impact on the employees, as we all have seen. In consequence, the employees will not be happy and the working environment can become quite negative. Again, a safety concern because it can hamper one's ability to stay focused. We all know the IMSAFE checklist (S, F and E in this case) and adhere to it carefully. It's there for safety and last time I checked, the FAA considered
Stress, Emotion and Fatigue as a factor in the safety of flight.
I think enough is enough already. It's time to step up to the Gov't to do something about this. No pilot should have to work under such horrible conditions. During the days of regulation, things appeared pretty peachy to me. Pay was good, quality of life was dandy and the FA's were hot in those uniforms.

(Lord have mercy, they were hot) The gov't was involved then. Why shouldn't they be involved now if it has the potential to make things better?
Maybe Im wrong about all of this but it's just my .02 euros.