AT one time the USAF required 20/20 vision to enter pilot training. The second day of training you could almost be "deaf, dumb and blind." The 20/20 vision was a screening process. WHen demand exceeded supply they granted "waivers" and eventually approved surgical correction.

Until recently the airlines used a degree as a screening process for hiring. On day two it didn't matter a bit - you had to pass the sims and other training requirements.

Now that demand exceeds supply, the degree requirement has become "prefered" or not required.

As supply goes down, pay will go up. Look at the "pilot hiring bonus" system that is starting. Compare it to the RN shortage where some hospitals offer a $25,000 sign-on bonus if you sign a three year contract at $40.00 an hour / 40 hr week.

Market demands will determine pay.