As long as they can continue to hire I doubt that we will see much of an improvement in pay or QOL. I keep hearing this line that the company wants to retain senior guys, but I don't think they want to pay them three times the hourly rate of a new hire FO.
I'm not sure where all the new hires are coming from. I do know that there is a decline in both quality and quantity of applicant.
Last year there was a rumor that we hired a guy who got all his flight time in a hot air ballon. Regionals have mined out most of the talent from 141 and 91 flight schools. Now they are focused on hiring pilots from other regionals. I wonder how long until that stream of applicants runs out, and then what? Oh wait I know what, cheap pilots from another country, who are happy to work for 20k a year. Are some regionals are already doing this with some sort of visa program?