Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
BOILERUP,
I see where you're coming from, but I actually disagree. I believe an artificial scarcity has been created by the 1,500 hour rule. There is no ability to resupply the bottom, which is why we're seeing the shortage. The "proof" (in quotes because it's circumstantial) is from the GAO report which shows that signing bonuses are working to attract pilots, but not to increase the total number of pilots. They're just stealing from other airlines. The supply of pilots remains unaddressed even with 50% signing bonuses.
What I think is more impactful from the salary front is not the starting salary like you hear in the news, it's the fact that experience means squat in the seniority system. A 9,000 hour pilot making $80k in another job won't go back to the bottom of a seniority list. What if they could slide into a $90k RJ Captain's seat? I'm pushing the bounds of reality on this because ALPA would never allow it, but this is exactly why they would never allow it.
While I agree with you about artificially restricting pilot supply with the 1500hr rule and issues with resupplying the bottom, that has not yet manifested itself. I am of the mindset that it will have an impact, but will not be a nail in the coffin.
As for the red text...one has to look at the supply of pilots in the entire industry, not just within 121. The issues you have with 121 can be alleviated by going into business aviation. Pilots enter that segment for its own merits, and move between segments because they seek different things each segment offers.
Additionally, I fully expect crappy 135 operators (and crappy 91 operators) to start hiring sub-1500hr pilots at crappy pay...exchanging the turnover that occurs once those pilots hit 1500hr and move on to a 121 job for decreased pilot costs. Pilots will still be added to the total pool, they'll just come and go in a different way.
When the pool between all segments isn't big enough to cover demand, THEN there will be scarcity.
We're not there yet.
Wasn't expecting such a rational and thought out response. To be honest, I was expecting more of what the guy after you posted.
The opinions of a few on FI.com or the experts that major mgmts pay big bucks to analyze the current situation. I think I'll go with the latter and agree the staffing situation will be critical.
These same "experts" that have incentive to convince the government to reduce the minimum hiring qualifications instead of having to pay more to attract talent? Those guys?