Originally Posted by NMuir

That's a very narrow, limited, and inaccurate view.

Of course pay hurts, but excess regulations hurt too. The 1500 hour rule is killing the regionals. Also, the fact that a college degree + flight training is close to $200k is keeping a lot of people from pursuing this direction.

So it's not just the pay, there are multiple factors. Even if the pay increases drastically (which it is), there will still be a shortage for the forseeable future.