This is very true. And another point here is that even the CFI market is flooded right now. Part 61 schools are dropping like flies for lack of new student sign ups right now. Both part 61 schools I flew for are now gone.
To fly a cheap 150 dual, is running $120-130 per hour. There aren't many folks willing to cough that up right now. 1.5 hours of touch and gos and you're out nearly $200 bucks. For the average person that isn't a lawyer or the like, that is nearly 2 days of wages.
The upside of this is that it is a necessary ingredient to the upcoming pilot shortage that many believe is coming.
If you are holding your tickets right now and have "decent" experience to back them up, you are already light years ahead of the game for when hiring resumes in volume.