Originally Posted by
FlyingKat
What Enzi fails to address is the fact that people are no longer willing to invest upwards of $100,000 to get into this career and make $18-$24000 a year to start when they can invest the same amount of money in another profession and make significantly more money to start and over the lifetime of their career. Until compensation improves to the point that putting money into this career becomes a smart investment, this will never get better.
This is true. It was one thing to take out a loan you never intended to pay back (most of the DCI Academy, Gulfstream pilots). Now banks don't give loans as easily for flight training. The money has to come from somewhere. It's a lot harder to make the dumb investment when the bank forces the pilot in training to come up with the money some other way.