Originally Posted by Cubdriver

Here is a somewhat more credible article on this subject.

FlightGlobal: Pilot Shortage

Alteon's (now Boeing's "Training and Flight Services" division) reductions are indeed curious given this. However IATA, IFAPA, FAA and several others say there will be a global and national pilot shortage over the next 2 decades. In the US this is hard to believe knowing what we know, but I think the argument would have it the 1500 hour law, plus reductions in pilot trainee starts, flight training financing, and flight training capacity plus the gradual drain of experienced pilots to other countries might eventually lead to a shortage of pilots. I tend to doubt there will ever be a shortage in the US, just a shortage of pilots willing to work for poverty-level wages.