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There is a big play stirring. I think the bosses are going to try and push for the rollback some of the changes to the FAR's. Or, gasp, have the government ease cabotage or visas for foreign workers. Or who knows what...
We've come a long way from the "pay for training" era of the 90's.
I'm already at a legacy, thanks for assuming. I also had the pleasure of flying with many more "good" 250 hour wonderkids than "bad" as a captain at a regional. It's not the number of hours but the quality, right? That and all the other useful stuff "some" of the college programs teach. I'm also pretty sure that line to sit reserve at regional is pretty short these days, and many of us "cut our teeth" in those seats just fine.
The law caused qualified airline pilots to scramble to make sure they had enough hours to keep their CURRENT jobs as airline pilots. Then carve outs were added for specific college programs and the military. Arbitrary numbers to say the least.
By no means am I saying everyone (or many at all) can be ready to be an FO at 250 hrs, or 10,000 hours for that matter. I know I probably wouldn't have been, and appreciate my CFI experience before the airlines.....
Just saying the dog and pony show backfired. The pony kicked em in the groin and they might have to put it down. Or pay people decent money to show up to class. One or the other.