Market rate is set by the lowest paying competing carrier, according to the father of B-scale, Robert Crandall. In the 1980's, it was Continental and People Express who were setting the new low standard...now it is JetBlue...
So, if labor costs are supposed to be fluid, downward, why does management never seem to take the same hit, IF ANY, that the union groups are expected to give up?
By your reasoning, your paycheck should be at least 30 percent less, when taking into account pay and productivity improvements.
If you have not suffered such a loss, I suggest you donate a portion of your managment paycheck to AA each month...I am sure they would take it.