Give YIP a break, he was saying three years ago that it was coming and he was right on. When flight schools were paying $50K a year and requiring contracts, because they can't keep people...there was definitely a shortage.
I've been hearing about this mystical pilot shortage for many years. Decades, in fact. It's never existed yet. It wasn't here a few months ago, or three years ago. There's been a lot of hiring, but no shortage. Some companies have had difficulty hiring pilots, but as we've discussed ad infinitum, that doesn't imply a shortage. Just a company that experienced pilots don't want to work for.
Pilotyip has been talking about the shortage for some time, and all the while passionately counseling pilots that they don't need a degree. Today we see the bottom part of the cycle, which comes every five years, when jobs are hard to come by. We're seeing an airline a week go under. Corporate departments slowing down. Record fuel prices. Cutbacks across the board, and the looming pilot shortage that forms the basis of this thread has been shown clearly to not exist.
Further, those who would forgo the degree and go after the pilot job, now they may be doubly handicapped without the job, and without the degree. For a man with a masters degree, he's been the missionary of this concept, hawking the need for lack of education among his underlings for quite some time now. Presently, his own company has been chopped in half with numerous no-notice terminations, and yet he still continues to preach the same line, with the same bad information. Now, it's no different, just all the more increadible against the backdrop of the present ruins.