Most of the individuals I fly with have advance degrees. I myself decided that to make 150-180K a year as an FO in 10 years, and 280-350K as a CA at the end game, was worth going after my dream, instead of being a Doctor. I gave up med school for this.
My point is that at many majors that is the norm. The military pilot went to the airlines instead of consulting et al, why because there was enough money in it, that he choose to make a little less and enjoy what he is doing. The civilian got in to it because it paid fairly well, and it was what he loved to do. (I knew I would make less than a medical profession, but decided that 200K+ was good enough for me. I was going to be a radiologist. They start at 600K a year and have over 15 weeks of vacation Most of them are making over 1 million their first year out of residency. Point is that I knew there would bea difference)
Now take these pay cuts and other cuts we have all faced. I cannot leave to go be a Dr. I would be in my late 40's before I would be out of residency. I have the proverbial handcuffs on. I am not the issues, and management knows that. What the issue is, is what is around the corner.
People going the civilian track are finding it very hard to get financing for a Riddle degree. Why? Well, the banks know we are paid horribly and we are a bad risk. Most regional FO's just default on their 200K loans. Military guys have a longer commitment. If you are in for 10 might as well go for 20 and get a retirement. We all know that there is not one in the airlines.
Furthermore, anyone with an iota of intelligence realizes that there are other jobs out there that will pay much more for a lot less effort, pain and suffering. In effect I will just buy my airplane and fly it on the side. I know if I had a crystal ball and could see this I would of.
Qualified people, the ones that you parents want flying them will not become pilots in the future, that will effect the safety of our profession.
management assigns a cost to safety, they have just been able to stick it to this generation because they know we cannot leave.