Not to hijack the thread, but I didn't know if a whole new topic was necessary for the following:
At our JB instructor's meeting today, management was stating another 100 pilots will be hired for the rest of this year beginning this fall. They also anticipate needing up to an additional 240 pilots as a result of the new FAA rest rules that are around the corner. That's pretty much the near term projected hiring outlook in a nutshell.
There is your 'pay cap'........no open time....75 hr target.....