Well, you are already seeing a shortage . . . . This is because first year wages are starting to rise. (HOWEVER) they are nowhere near where they should be. And remember you are only (First Year ONCE) at every new airline you work for.
I'd like to see SUBSTANTIAL IMPROVEMENT in pay in years 2-8. $35ish/hr is not subantial improvement (unless you are a kid fresh out of college. . . .) then this is a lot of money. I dare to say that most 5-8 year Captains at the regional level are earning hourly wages that are 30-40% LESS than what they should be earning.