My point is speculation is dangerous for someone who is planning their training-to-career expectations. There may be a very, very large gap between graduation and your first hire. What do you do while you're waiting for that ship to come in? That's the point I'm trying to make here.
Let's say I plan myself to get all my certificates, take out money (savings or loan), work hard and get all my certificates and ratings. It's 2012. The hiring landscape is drier than the Sahara. Now what? Didn't pilotyip say 2012 is it? What do I do now? I'm out of money. I have bills to pay. The lender wants their money. I'm jobless. What do I do with myself now? How did this go so terribly wrong? How could pilotyip be wrong with his 2012 pilot hiring boom statement? I planned my life on it!
Not that it really makes a difference with a whopping $18,000 a year job, industry wide and well known instability, zero job security, and the potential to be a career FO going nowhere fast.

I'm hearing more and more stories of people getting out of this career than getting in.