Let me clarify.
I'm not trying to be negative, but I've been hearing about the looming pilot shortage way back in the 1970's.
Ultimately, the airlines want a guy fresh out of the military with a 'can do/will do' attitude that is sharp, clean-cut and is willing to do the job for $5/day.
That ain't gonna fly.
The "shortage" is of labor willing to spend $40K to $100K training themselves and the uncertainty of being able to reliably convert the financial investment and career effort into cash and prizes. I think about third floor, dorm five at ERAU my freshman year and probably only about three of us are even in the airline business flying airplanes.
If the starting salary was in the early $80's and topped out in the $500's, system wide, you would not have a labor issue. You could pull pilots out of the military, experienced pilots from overseas, pull people who have left the profession for greener pastures back in and voila, problem solved.
However, America can't stomach that. When pay and working conditions were awesome, the haterade flowed like Persian blood at Gallipoli. But now that salaries in the range that Johnny Frequent Flier and corporate America feel more comfortable with, now they're bitching about 12 year olds flying RJ's.
There will be no shortage, just a synthetic shortage brought on because, for many, it's economically retarded to pursue the profession. Me? I'm in a good position, but if I was starting out, no degree and my career horizon was regional flying, having seen what I've seen, nooooo way Jose.