The industry designed a model that's dependent on smaller airlines that offer pilots significantly lower wages and quality of life. In a slow moving industry many young people simply are not willing to invest the time and money required to become pilots....the return doesn't justify the investment.
There is plenty of demand for engineers, accountants, etc. who will start at higher wages, be off on weekends and holidays and not spend half their life on the road. The industry made the bed, now they get to lay down in it. I would expect huge lobbying efforts by the industry to lower the new experience requirements and remove any mandatory retirement age restriction. I hope they are unsuccessful; the laws of supply and demand have worked against us for may years, it's time for the tables to turn.
There is plenty of demand for engineers, accountants, etc. who will start at higher wages, be off on weekends and holidays and not spend half their life on the road. The industry made the bed, now they get to lay down in it. I would expect huge lobbying efforts by the industry to lower the new experience requirements and remove any mandatory retirement age restriction. I hope they are unsuccessful; the laws of supply and demand have worked against us for may years, it's time for the tables to turn.