No doubt that pilot pay needs to and will go up from where it is now.
It won't go up with attitudes like yours. You act like as supply decreases pay will obviously go up. I think it is more likely that the pay will decrease (when adjusted to inflation) and that the quality of applicants will simply decrease. We have already seen this happen in the Regional industry. Look at how the minimums have dropped across the board.
Some airlines in Euruope love to hire 250 hr pilots straight into the A320 and B737 as part of their cadet programs. It saves them lots of money.