Originally Posted by
hockeypilot44
This is true. The minimums were lowered to the FAR minimums because of the pilot shortage. It already happened. We're just too naive and optimistic to realize that it already happened, and the results were not what we were expecting. There might be another one in the future, but overall wages will not increase. There just might be a raise to new hire pay at the lowest level (regionals).
Yeah, I would say that 2006-2007 was a shortage by at least some definition. As mentioned I believe compensation was raised, but with new hire bonuses, not increased pay for the pilot group. I really think the economy needs to roar (or bubble depending on how you see things) to get the crazy hiring of 2006-2007. My two cents.