I am not going to pick on you for your reasoning to go or not go to Lakes, but with the wealth of information on here about Great Lakes you didn't have to interview there to figure out it wasn't for you for the reason you stated in this thread. I flew at Great Lakes, and out of about 5 guys below 1000TT, only one person didn't wash out so I wouldn't think that your over qualified for the position...if anything, statistics are probably less in your favor.
In my opinion, hiring has slowed down at the airlines over the late spring and summer. With all the Comair pilots going to the streets in the next few months, entry level airline jobs will be even probably be more difficult to find for the near future. With as volatile as our industry is, anything could happen one way or the other so really trying to predict the future is difficult.
I would chose not to go back to Great Lakes for different reasons. If I were single with no kids, Lakes wouldn't be a bad place to be. You fly a lot, you upgrade quickly. The experience is very good. I remember going to outstations and it almost felt like flying GA again, then you get to go into DEN, LAX, or LAS and feel like an airline pilot (kinda). You learn some great fundamentals of CRM. Anyone that discredits Lakes experience is a blind moron. So very so to upset anyones delicate sensibilities, but unless you have flown or fly at GLA you have no reason to talk about what you think you know like its a personal experience. And get over yourselves and your soap boxes about the industry and pay. Trust me, I believe what goes around comes around, and Lakes will get theirs (and unless theres some changes, I look forward to the day).
Reasons not to go to GLA:
Equipment is aging and failing with no suitable 19 seat replacement
No money to replace the old and failing equipement
Poor management and leadership (especially at the very top)
Terrible first year pay (but if you can survive off it then this doesn't really apply to you)
The pilots fed up with the poor compensation and QOL and currently on a cooling off period in the contract negotiations, if released from arbitration, IMO I don't see the company lasting long if there was a strike.
Reasons to go to GLA:
GREAT EXPERIENCE, two former captains at GLA recently just started class at Alaska Airlines. There are also former Lakers at Spirit, Virgin, Southwest, FedEx and I am sure many other airlines (the ones I list specifically I know for sure because I know the people personally).
A relatively short upgrade time, right now it looks to be around 14-16 months.
You will make some great friends.
You will fly a lot.
Great flying in some really awesome locations. They also do go some places that do stink (literally stink, Garden City, Hayes, etc. airport is surrounded by farms and it smells from the moment you are on final.)
Denver, Cheyenne, Prescott, are really nice places to be based. I would love to live in Cheyenne some day.
The pilot union is doing a better job of standing up for the pilots than in the past, I expect them to continue to improve and stick to their guns about issues with pay and QOL, I wouldn't be surprised if there was to be some positive changes by the end of the year.
I really think going to Lakes is a decision which depends heavily on your personal situation. If you have a family and dont live in a base, its really difficult with the schedules to have a decent family life. I speak from experience with that one as I commuted from DFW to Cheyenne. Also, family benefits will cost you over half your paycheck, so take that into consideration if you need healthcare for yourself and family. Since the outstation bases are small, you really get to know everyone and a lot of the single folks who usually commuted home when based in DEN started staying around and hanging out with each other on their days off. If you commute, commuting from DEN is obviously the best decision, there are many of flights and you don't have to depend on GLA to get to your base. Also, when I did commute, many of the flight crews were very nice and respectful. I sat in the cockpit probably 75% of the time and we always talked about the industry and GLA. Every crew though told me the same thing; stick with it, it will pay off in the long run. I unfortunately couldn't support the family after my wife lost her job, and waiting for a upgrade was not going to be acceptable risk for me when I had a good local opportunity available. I was never scolded for my position with GLA, in fact, many crews told me the experience was excellent. On more than one occasion a crew said I could probably hand fly raw data their airplane than they could (lots of automation on the fancy airbus and ERJ and I took that as a form of encouragement to keep up the good fight and to not be discouraged). I also found that many of those pilots if they were not military, flew some pretty crappy jobs too. It was about what got you to that next step, not necessarily all the bells and whistles to a job that they thought they were entitled to. IMO, the early days of flying were also really rough, imagine flying during WWII, Korea, and Vietnam. Airline pilots were war heroes and those were the golden days where you would wear your uniform proudly and be asked for your signature. I think an important part of our industry is accepting that things are different today and will continue to evolve. Instead of being divided about pay and benefits, we should be accepting and supportive to unite each other in our profession rather than separate and divide. You can not expect people to want to come together as a group when your bashing them as an individual or the decisions they make.
Probably the wrong place for this kind of post, but theres always some bashing when it comes to Lakes. When I can, I want to give the best truth I know based upon my real personal experience so that those who are trying to progress can do so with a little better understanding than only hearing from all the Shrek's of the forum forest.