So, SH,
what you are saying is that first the airlines expanded the number of medically qualified pilots (more supply, actually happened as a result of the application of ADA to airline's. e.g. If I can hold a 1st class, why am I unemployable).....then when they were still hurting they eventually lowered the mins (more supply)......and what does the future hold?

There are only so many pilot's willing to fly RJs at the poverty level wages the regionals are offered.....and the demand keeps increasing.

And what happens when the demand is greater than the supply?

And Seeav8tor, when you look at the time value of money????? Why is it that airline fares are so cheap compared to where they were 30 years ago. Shoot, a mere 15 years ago it cost me just under 1500$ just to fly to/from London---and that was an advance purchase fare.