Originally Posted by
Seneca Pilot
The free market handles these things pretty well. Pay will increase until there is enough incentive to meet the demand, or demand will fall to meet the current supply. Alot of that is dependent on the health of the economy.
The problem is the lead time. If majors want civilian pilots with TPIC in FAA category large aircraft (ie RJ), then it takes seven-ish years from PPL start to major class date.
If they're good with TSIC, then it's five-ish years.
Not comparable to law, medicine, accounting, etc since the demand for those remains fairly steady-state, without severe industry swings which tend to force hiring waves and subsequent boom / bust cycles.