Free Market
LCC and now ULCC
So long as Allegiant can pay its pilots so little and get away with it the rest will slowly sink to match. The legacies are being replaced by undercutting non-union Mesa wannabes. They are forced to match or die. Just yesterday UAL announced that they intend to cut another 400 Million from their annual operating budget.
The next wave is the Ultra Low Cost Carriers. I am sure that VA has its eye on a maximum Captain pay of 65K or so. Our country has already maxed out on capacity so we will require no more pilots than we already have now. If there is a pilot shortage it will be overseas.
Until the day comes that Alaska Airlines gives me a call there will never be a pilot shortage in the USA. My resume is not so great but six years ago their minimums were much much lower. The jobs will be overseas.
SkyHigh