First, THERE IS NO PILOT SHORTAGE! There might be a shortage of people wanting to work for $20K/year. I'm one of those. I'm unemployed and I won't work for that. Is 10000+ hours low time?
Second, training is a very important issue. Watch out for this MPL (Multi pilot crew license?) that airlines want to push through. It's basically and ab initio program. You pay for the larger part of it. You spend months in a sim, getting lots of "time." They then put you in the right seat for $20K/yr.
Third, THERE IS NO PILOT SHORTAGE! There are hundreds, if not thousands, of airline pilots put out of work in the last 18 months. Many have gone overseas to find something. Meanwhile, the flight schools are selling a dream (nightmare) to prospective students. It's all BS, but the regionals will be hiring "pilots" with 300TT and a wet CMEL certificate in the next year or so.