We should probably keep in mind that career prospects weren't so hot in the past either. Pay and benefits at majors were fine, if you could get and keep a job there. Regionals hardly existed, so military service was needed to be competitive for an interview, and there were thousands of ex-military applicants. If you got hired, your airline might have been one of the many which no longer exist.
Choosing an airline career has always been a gamble; there used to be larger jackpots but fewer winners.
Tom makes another good point and many of us are living proof of the point he makes.
I'm optimistic about the future of the piloting profession. This DAL/NWA merger is part of the reason why.
When have you ever heard of management making statements like, "we will only do a merger if it meets our principles and protects the seniority of our employees?" When have you ever heard of the kind of incentive package being offered to sign on with a growth proposal?
The next generation of 100 to 130 seat aircraft will pull many people up to the majors. Even the regional jobs are not that bad.
Pay at all levels (even the regionals) is not what it used to be, but we are seeing signs of receovery there too. ASA's contract exceeded my expectations given the circumstances.
Everywhere I look I see positive signs.
Yes, there are threats. Oil and technology threaten to make our profession expensive and irrelevant. But these same factors push people to our more efficient jets and make people want to connect with others all over the planet. Aircraft are the only tools that can meet these needs.
We need to come together as a profession. Not just on a national scale, but on a global scale. ALPA seems to be making these associations across the Oceans, but still has not offered a hand to our brothers who fly within our own code. We need to ensure rigorous standardds continue to be applied and need to establish peer review boards as our friends in the medical profession have done.
We have work to do, but our profession is looking up.