Self-interested pragmatism? You mean like being able to get a job and feed your family? Ha!
Look, you come up with a better system for me to cull ten thousand job applications to a hundred people who can read, write, have some related jobs skills, and have demonstrated that they can accomplish something that requires commitment and dedication.
Because if I don't put that college degree box up there, ten thousand people will apply for a job telling me that they're skills in statistics and data analysis are "excellent".
(I apologize in advance for the length of this post)
Contributing factors to the pilot shortage (in no particular order):
1. REQUIREMENT FOR A COLLEGE DEGREE
A degree is a good thing to have because it (usually) teaches a person to think and critically analyse the world around them. We need more of those people in our world today, as there are too many people worried about doing what is popular rather that what is right/makes the most sense.
However, a degree does NOT make a pilot a better pilot. Flight training makes a pilot a better pilot.
Believe me- I have done both.
Probably the first order of business is to eliminate the degree from the list of both required and preferred qualifications. If prospective pilots are going to school just so that they can have that extra qualification, then that is not only extremely wasteful, but quite frankly sets the bar unnecessarily high for those who can only afford flight school OR college, not both.
So why go to college? There are many good reasons. Me? I got my degree because I was genuinely interested in what I was studying, I enjoyed the academic work, and - last but not least - Daddy could not afford to put me through flight school, so I knew I would have to work a "real" job before I could get my dream job. Oh and then there's the lurking spectre of what could happen to your career if you somehow lose your medical or get violated- so a backup plan is nice.
But the reason you go to college should not be because you want to be an airline pilot. Forcing the unwilling to go to college is a disgusting waste of money in a system that constantly complains that there "isn't enough to go 'round". As AcroFox alluded, it seems to be a case of the system perpetuating itself.
As far as being able to differentiate between "equally-qualified candidates", well that is a fallacy for several reasons. First, no candidates are equally qualified to start with. This is obvious when you get them in the sim session (an evaluation that already exists). They may all be able to pass the sim, but are they equally-qualified? Doubt it. How good is their cockpit organization? How well do they anticipate things? How smooth are their control movements? Also, there are already well-established methods of ferreting out the "intangibles" in a a person's character, like attitude towards safety, level of respect for fellow co-workers and response to stressful situations- to name a few. These are things that can be rated on a scale instead of just pass/fail.
2. 1500 RULE AND HOUR-BUILDING
Wrong-headed regulatory changes have hurt the industry. I'm talking about aeronautical experience specifically. For example, both pilots in the Colgan Air disaster had over 1500 hrs. Not sure how the 1500 rule fixes anything when both pilots had 1500 already. Instead, perhaps there should be a more serious focus in the industry on crew rest/stress (rather that just the lip service and minimum required to satisfy regulations) and actually giving crewmembers a decent QOL. The copilot on the Colgan flight had to commute in from Seattle to Newark- and both pilots spent the night in the Newark airport- before the fateful flight.
These wrong-headed changes have caused pilots- after already paying for flight school- to delay their futures even more while they build their hours to ATP standards
Instead of raising the hourly requirements, they should have been lowered. Training a low-time pilot the way you want to train them is more effective than undoing bad habits learned while building hours up to 1500. Get 'em in the door early and train 'em yourself (for chrissake!). But ridiculously-long/indentured servitude commitments should not be required. Loyalty is given, not forced. The better you treat your employees (such as more on-the-job training, the more loyal they will naturally be. The more loyal your employees are, the more quality talent you can attract- and fewer bucks will be spent hiring new people to replace the old ones who quit. The more quality talent, the more efficient and profitable your business.
Anyhow, I argue the 1500 rule will ironically lead to less competent airline pilots overall- because more of those hours will be spent outside the airlines.
3. FLIGHT TRAINING EXPENSE/LACK OF STANDARDIZATION
A career as a flight instructor should be an ultimate destination, not a stepping stone. Why is it that the teachers of future pilots have almost no experience? Pilots should be trained by aviators who are at the END of their careers, not the beginning. The CFI should be a position of honour and respect, bestowed only upon those who are truly "masters". There should be less of them, and they should each make a boatload of money.
Since we were already discussing college, let's discuss it again. A student that pays to go to college will in most cases earn that degree in 4 years, for a fixed price. They earn grades in courses or they fail out and have to repeat the course. When planning for college, parents have a very good idea of each school's tuition (at least for that year).
Flight school is different. Instead of earning grades, you achieve pass/fail milestones, such as: first solo, first solo XC, end-of-course check, checkride. This causes flight school to be a non-fixed-price endeavour. Those who don't get A's don't get B's, C's or fail. They just have to pay more. I argue flight training should move to a standard where those who pass are graded on a sliding scale, and those who fail either have to drop out or have to repeat that "course". The fact that you can just pay more to get to the objective normalizes that situation. I think a lot of schools know this and milk it, encouraging students to "take it easy" and accomplish objectives "when they're ready". This, of course, increases the revenue at the flight school and the expense to the poor student. I argue that the current pass/fail/pay/repeat setup yields more expensive flight training.
Flight training produces pilots of varying quality. Why do we still hear that fully-certified pilots still don't know how to fly an airplane- or even why an airplane flies? We all know about the checkride PTS. But we also know that every conceivable maneuver isn't tested on the checkride- nor should they all be. Having to demonstrate that you are merely "good enough" is all it takes. Pilots can be good enough, but still have dangerous deficiencies. Standardized does not produce quality pilots- standardized training does.
We should have more standardized curriculum and more experienced CFIs, yet preserve the flexibility of the current system. Students should be graded throughout their education, and those who do not achieve the minimum grades should fail and have to repeat the course. You should then be able to take your GPA to a potential employer and use that as one of the potential factors in getting that job. However, I am not advocating for everyone to get an aviation degree- I am instead suggesting that there should be highly-standardized- and graded- fixed-cost, low-cost flight training that can be offered by any local CFI (not a university) which would in turn only be an individual who has achieved a minimum amount of career experience.
In summary, we all know these things- I don't even know why I am saying them, as I'm probably just preaching to the choir.
There are many people who want to fly in a respectable job where they can feed their families. There are people who will work for peanuts. There are qualified applicants. But are not enough qualifieds applicants who will work for peanuts. And unfortunately, that's what the regionals/airlines require, at least for the first few years.
It should no longer be they responsibility of prospective pilots. We have been shouldering this burden for too long.
It is now up to industry and government- working together- to fix this problem and bring the industry on par with others.