The industry is obviously changing but you can't quickly get from LAX to Sydney or JFK to HKG except by air. There are significant challenges, not the least of which is the greenies and the carbon taxes being considered in Europe.

But the economies of China, India and others are expanding. One estimate I read said those two countries alone will need thousands of pilots in the next year and tens of thousand in the next decades. So, it depends.. if you want to stay in the US, things may be a bit slimmer for a while but if you are willing to travel, things may be getting fatter.

Previously, foreign carriers were paying at or below scale because many of the applicants were the older guys who wanted to keep flying. No more.. IF the foreign carriers are going to attract LONG TERM employees, they are going to have to pay MORE than the US contracts to get the younger pilots.

But the old rule still applies. Do what you love to do and you never have to go to work. Live within your means and save at least 10% of EVERYTHING you make.

The current focus is very short term and I keep saying it.. that is not without intent. It is an election year and the party out of power always does its best to show how bad things are. Yes, there are problems out there but they are not insurmountable.. unless Phil Gramm was right.