Originally Posted by
Old UCAL CA
The market determines everything.
When enough individuals do not choose to pursue this profession, or exit if currently employed, the comp will rise. Until then...supply, demand, comp equilibrium. The market determines everything.
Yup. When the demand for pilots exceeds supply (if it ever does) then things will change and wages will go up directly (compensation increases) or indirectly (sponsored/subsidized flight training/education by employer or whatever) or both. For the past few decades, the supply of pilots has far exceeded demand, leading to low wages and poor treatment of the professional pilot. When/if the lines on that graph change in the pilots' favor for a sustained period of time,
then things will change in our favor- and no sooner IMO.