Mike you bring to mind one of the big fights of mesalounge. There are some "bean complainers" over there for sure.
They all blame Johnny O for hiring pilots for beans, and that all these "new pilots" are working for beans.
They need to look in a mirror.
They give JO too much credit. It's been happening for at least three decades. After de-regulation, a few of the carriers started "Express" versions of their airlines, Pan-Am Express, TWE, American Eagle, etc.
This was something like 30 years ago.
All of us, yes even us old timers, at one time in our lives were willing to "work for beans." When I had 300 hrs would I have flown a jet for nothing? Darn right I would!
Only now, looking back, can I see the stupidity and yes, the futility of fighting it.