Pilot Supply
It is hard to imagine the pilot supply going down soon. In the world education it is still a good deal to become a pilot. I think in the future the college requirement will be dropped and pilots will come out of vocation style schools. It only takes six months to become a commercial MEL. The current generation has proved that you can put a new low time pilot in the right seat of a modern jet and they will not kill themselves. It takes less time to become a pro-pilot than to cut hair.
In addition, we have all heard the legend of the retirement wave that never materializes. I imagine that even now we have enough pilots on furlough to cover expected retirements at most companies for the next decade at least.
SkyHigh