But perhaps if this continues, that job you long for in the majors that pays so well might not be there in the future...
My worry too. But to the extent I (or others) are not paid the $500k-equivalents that Pan Am 747 Captains were paid 25 years ago, the reason is simple economics, and only tangentially caused by others taking training shortcuts like PFT/PFJ. When a job is so attractive ("cool") that more people want to do it than are spaces available, the laws of economics dictate depressed wages and working conditions. Why would airlines pay more than they need to? Airlines are for-profit entities whose sole purpose is profit. Unions are the ONLY way to artificially counteract the effects of supply and demand, but I worry about the long term effects of artifically trying to counteract the force of economics (ask the UAW folks and their bosses at GM how things have turned out). It's like putting your thumb in the dike.
Now, the "bright spot" is that the entry fee to play the airline pilot game is so expensive. 50K in training expenses and years of hard work to get the BOTTOM rung on the ladder weeds out many who would otherwise be flooding the industry with us. That decreases the supply side.
Secondly, the industry has now become so unattractive to many already in it that trained pilots are leaving the industry to become nurses, policemen etc. That also helps on the supply side.
As the experiences of pilots from Braniff, Eastern, Pan Am, TWA, ATA, Aloha.....(United?), can attest, it is so dangerous to cast your family's entire lot into picking this industry, and then
hoping that your airline survives. What does it say when a former ATA 757 Captain with 20,000 hours is in a newhire class with a 21 year-old Gulfstream grad at XYZ Regional to fly the same plane, for the same pay, with the former ATA Captain getting ZERO credit for his/her experience?
Unfortunately, only a real pilot shortage will change the economics, and although predicted for decades, one has never materialized. I dare say it is almost irresponsible to enter this industry with one's airline pilot job as the sole source of income. The only way to do this is to establish a non-aviation career or business, and be an airline pilot on the side. Or have a spouse who can support you. Sadly for me and most of you, this is not 1965.
But back to the thread, my ATA example is sad for the ex-ATA pilot and experienced pilots everywhere. And although his Gulfstream classmate took a shortcut, he did not cause the ATA pilot's situation or the state of the airline pilot profession. He did not take down Braniff, Eastern, Aloha, and ATA. There are far stronger forces at play.