You guys think it's bad? You should come to Europe. Some guys are willing to spend 120,000 GBP ($190,000) for pilot training and it doesn't even include a University degree. Then, they expect to get a job flying a Boeing 737 or Airbus A320 straight out of school (which some do), but a significant percentage don't find anything. I hear guys say that they don't want to fly a turboprop, have no interest in instructing, they would "settle" to fly a cargo plane as long as it had two jets...
I'm serious. A friend of mine was unsuccessful at two interviews (250 hours total time, one interview was for a 737 operator, the other flying single engine turboprops in the bush). His plan is to go back to the family business and save up for a type rating, and possibly pay for time on type. Lots of guys go back to their old jobs and then keep sending out résumés hoping that someone will bite. Some days, I wonder what I am doing here as far as trying to progress a flying career.