Quote:
Originally Posted by mike734
Everyone assumes the new hires for the majors will come from the regionals. Of course many will, but can the regionals afford to lose so many pilots with so few new candidates ready to replace them? Will the regional airlines have to raise pay and benefits to keep experienced pilots? I believe the regionals will not be able to staff their ranks if there is a large exodus to the majors. The barriers to start the career are too high.
Time will tell.
The barriers to entry have always been too low in my opionion. 1500 hours and an ATP has historically been the bare minimum most people start with at their first airline job. Hiring waves have always allowed airlines to drop qualifications down to the legal limits rather than forcing airlines to compete for pilots by raising compensation incentives.
This new law, along with the economic barriers that have been on the rise, will give us a little bit of leverage in pattern barganing in the future.
Remember, doctors do not command such a high salary because they went to medical school. They command such high salaries because of the number of potential students that were not allowed into the medical schools as a restriction of the AMA.