ackattacker
Client 9
- Joined
- Nov 14, 2004
- Posts
- 2,125
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72,000 will be more than enough, even if only a third of them move to commercial.
72,000 will be more than enough, even if only a third of them move to commercial.
The FAA website has a presentation on it that shows only about 2-3 out of 500 will ever earn an ATP.
Does this mean you are leaving for a better, more financially stable career or that you are into masochism?The damage has been done via the economy and the RLA. Most of the political decisions that will affect my career have already been made. I am not very optimistic about aviation in this country for my career and I have 29.5 years left.
A guy walks into his local bar and is hit immediately by a dreadful smell, which isn't usually there.
"What's that smell?" he asked the bartender in disgust. A stranger; a skinny, unremarkable looking man, raised his hand apologetically: "That's from me." he said. The stranger then went on to explain that he was with the traveling circus that had just rolled into town, and his job was elephant keeper. The elephant, who didn't travel well, permanently had a dodgy digestion. Every morning, one of his tasks was to give it an enema. "you never get out of the way in time", he said apologetically, "then, of course, there's the constant clean up".
The local man was shocked. "You have to do this every day? The man nodded "Sometimes twice a day". "But that's terrible!" exclaimed said the local man, utterly horrified. "Why don't you find a better job?"
Now it was the the stranger's turn to looked horrified.
"WHAT....? And leave showbusiness..?"
A shortage is a shortage, but you are correct there won't be an actual shortage. What will happen, as always in these things and as the links pointed out, market forces will change to avert any actual shortage for one very simple reason: airplanes without pilots don't make money.Reality is, there will be no shortage of pilots available.
There may be a shortage of pilots willing to fly under a poor contract, but that is another story.
It costs an insane amount of money now to be a proffesional pilot. Add to that the starting wage at most regionals is terrible (around $19.00hr) and tack on another 5 years to be upgrade as CA (thanks to the age 65 rule) and the average pilot will not see the "Majors" until their mid to late 30s if they stay in the 121 world that long.
Just wondering what you consider an "insane amount"?
A 4 yr degree will cost you between 50-80 grand.. maybe more if you look at top tier colleges.
Getting your private to CFI/CFII/MEI will cost between 50-80 grand.
Expensive, sure. But not insane. It's a career, not just a job.
Do you think Doctors, Lawyers, Professional Engineers think their costs are "insane". It's the cost of getting into the industry.
Do you really think there will only be @360 ATP issued out 72000 applicants?!
Reality is, there will be no shortage of pilots available.
There may be a shortage of pilots willing to fly under a poor contract, but that is another story.
I remember listening to the head of the training department lecture to the new hire class that I was part of that there is a paradigm shift in the industry. Pilots won't likely find much upward mobility and the pay scales will be substantially lower. This was in 2002. I think we're about to see another paradigm shift, but I disagree with those who say it is just like every other up and down rythm in the industry.
2001 changed the game in a substantive way. The idea of becoming an airline pilot just isn't interesting to young people anymore. I run a flight school now...I see it daily. Of 125 students, I know of 4 who want to make a career of it. Add all the impending retirements to the mix and the continued public relations disasters that plague the industry (Buffalo, The Senate hearings, numerous high vis. accidents, public discussion about pay etc in the media), people are just continued to be scared away from the industry.
Even those who are furloughed or like me walked away from the Regionals have in many cases, found better paying jobs. What's the incentive to go back as things stand?
The new paradigm shift will see the airlines testing the waters to see what they can do to attract and retain talent while still turning a talent. That will mean increased fares, but then again, flying in it's heyday wasn't meant as a replacement for the greyhound bus - it cost more and those who wanted to fly had to pay it. That led to increased pay to those professionals who worked in the industry.
If people want to fly and airlines want to make money, they're going to have to all raise their fares...it's as simple as that. Time for some reregulation.
Or generated in Guatemala to replace everyone when Cabotage is legalized.
The bottom line is that it's insane to spend $160,000 on a career that pays $22,000 a year and, for most, tops out at $100,000. A lucky few may reach $220,000 by the time they are in their 50s, but most will be in the $100-150K range from their mid-30s to 50s. Most Doctors and Lawyers will beat those figures by a decade. Ten years at $100,000 is a million dollar difference.
In ages past, hiring has gotten tight enough that major airlines were hiring ab-initio off the street guys who'd never been in a cockpit before in their lives. We're still a long, long way from ever seeing that again.
I know a person who is a family practitioner who spent $250,000 on her medical education, and didn't complete residency until she was 33, and has just been practicing a little over a year. She makes low $100s. Doctors salaries aren't all they are cracked up to be, unless you are a surgeon, or other in-demand specialist. Even then, the difference in the number of years of residency and other training makes the calculations favor other careers. It is better to make a smaller amount over a longer period of time than a larger amount for a short amount of time.
I find it funny how many people on here talk about doctors and their pay, and most of them (surprise) don't know WTF they are talking about.