As there is a shortage of pilots almost everywhere else in the world, too, I wouldn't expect a stampede, at most a trickle.
More succinct than I could put it!
How long will it provide 'talent'
It is a predictable response from a system that always thought globalisation works one way:
Import more labour to keep oversupply. This will keep wages pressure down and has been a neo-classical response for decades in Australia.
The problem for the recruitment, training and management of airlines is two fold:
- Supply is globalised both ways...
- Supply is short.
If the traditional supply is running low, it would probably follow that the traditional feeder routes (GA, Military and regionals) are low too.
The model they run has never encountered more than a
cyclical shortage. This is the fundamental difference. They haven't seen it coming because the whole thing is set up on the underlying assumption of unlimited supply.
Piloting is an international career and protectionism would not be beneficial...
The best way to
protect a strategic asset (HR take an oath never to call any labour group that
) is terms and conditions.
The law of economics is that supply will follow demand signalling. A market with insufficient supply will eventually raise the price on offer to attract that supply.
Australia is not there yet, but they will have to adjust and it isn't downwards...
Amusing to watch O'Leary grapple with his fatally flawed model!
Is amusing to watch Australia start to wake...