Regulation
What if it was regulated that the maximum any pilot could make was 80K and the least was 45K.
What is the job really worth anyway? Are pilots worth 250K? I don't think so especially when the rest of the world is making it work with 250 hour pilots.
The fact is that the world is coming here. Competition and globalization will continue to put downward pressure on the airlines. Most likely we will see even less market controls when open skies hits America. How about third world pilots making third world wages flying american routes?
It is on its way. Globalization hit the cab market long ago.
Skyhigh