Airline management know this and hence we will never see the big money offered overseas.
Historically that paradigm held.
What sources indicate are very
good commuting contracts will become more prevalent. Remove the necessity to re-locate a family to another country that one finds sub standard and the perceived advantage of living in Australia vanishes.
This shortage is not a function of the business cycle. It is driven by;
- Demographics
- Declining Qualified supply
- Increasing demand for air travel-Airlines were a big benefactor from globalisation, which now ironically is a two way street!
- Adversarial employee relations models and all that grubby practice entails
The airlines which first work out that this is sustained and securing supply means changing their employment relationship model will hold the strategic supply.
It is entirely plausible that Australian airline management struggle to attract supply. Indeed it is already evident in many of the regional feeder airline groups, where despite unions claiming a lobbying presence in Canberra, 457 visas appeared without warning.