Interesting! I'm not a pilot (yet) so I can't really have an opinion. All I will say is that for your first jobs, don't most pilots start out flying aircraft such as Beech's, Metro's, Caravans etc...? So therefore it would automatically weed out the lesser intelligent guys that can now flood the pilot group because of more automated planes (such as the 777 as you mentioned)? because you end up flying those later on in your career.

Keep 'er in the green duvie