The pilot shortage is no myth, not when most of the regional CEOs and Wall Street are making a fuss about it. The numbers don't lie, but lobbyists do.
The upside for you is that regionals will have to pay more, a lot more, to hold onto pilots. In other countries where they have had a pilot shortage for many years, the lowest paid pilots are at the major airlines. Regional pilots are paid more, and corporate are paid the most. That makes sense economically, the more mobile pilots go to where the money is. Major airlines have less trouble attracting pilots, and the system penalizes pilots at major airlines for moving to a new job.