Diesel,
Where's the love?! More importantly, where did I ever say pay cuts are great? I did say they might be necessary given the current economic situation. I did say that growth (i.e., bigger airplanes for the captains, upgrades for the F.O.'s, and a return of jobs for our furloughees) is more important than a small pay cut. Actually, my first inclination was to be stubborn and vote "No" for the reasons listed previously - I have a reserve job and can easily get a job flying helos or preferably go to grad school for a career that I truly enjoy. However, the impetus to vote "Yes" came from some of my fellow F.O.'s - most of which do not belong to a reserve unit - as well as looking at the current state of the airline industry. As for bringing down the whole industry - lets place the blame where it really belongs - on the customer who is unwilling to pay big bucks anymore to travel. The fact that this is a service industry in a capitalistic country hasn't registered with you yet. My company is in competition with your company which is in competition with the next company....
Somebody earlier in this thread said "prepare yourself for the worst case scenario". I did - I joined a reserve unit. It takes away a lot of free time and I'll probably go over to the big sandbox for a few months next year. Feel free to sign up and serve your country instead of taking a free ride on the protection that I provide. Some of our civilian pilots are contemplating service now - and I am doing everything that I can to make sure they don't get hosed by a recruiter, that they get the unit that will be most beneficial to them.
PBR,
You are right - it is an unbalanced situation - or it might be evolution. I personally believe that when the majors began to contract out flying the genie was let out of the bottle and its not going back in. The arrival of the RJ was the advance in technology that triggered this revolution and changed the balance of power from labor to management. Now you have an oversupply of carriers and pilots. You have an economy that is down and businesses that are severely curtailing travel expenses. You have majors under attack from LCC's such as SouthWest, JetBlue, AirTran, etc - and nobody is blaming them (nor should they) for "lowering the bar" and "dragging down the industry". You have customers using the internet to get bargain basement prices. You have cities paying LCC's to fly into their airports robbing the majors of significant revenue. You have an increase in both fuel prices as well as taxes for additional security. Business is business. You can adapt or go bankrupt. And no, I don't have an answer other than let the market run its course.