It's nice as an employee to imagine employers falling over themselves to attract talent their way.
However, reality is that employers will put anyone in the back or right seat that the regulator will allow them to. This might be a 200 hour pilot who has just left school with a potential return of service of 50 years. There will never be a shortage of 18 year olds willing to accept this proposition. There are cadet schemes running all over this country and the world that prove this.
Having said that, the cream of the school leavers will carefully analyse the career options and quickly work out that aviation isn't what it was and that other career paths are a more stable and less risky solution. I've seen this first hand. Does this matter to employers? Not really, they just need a bum in the seat and the rest is the Captain's problem.
In short, there will be more opportunities for low hour and less experienced pilots but conditions won't go back to the good ol' days.
Places like Asia and the Middle East need to offer compelling money because they are growing rapidly, they need experienced crews and its hard to attract these people from Western cultures. Still, the risk this poses is enough to stop the vast majority of experienced crews from leaving the West.
Once the kids have left home and retirement is on the horizon then certainly the proposition becomes more tantalising. The only other circumstance is a younger gambler who says they simply cannot sustain another 20 years of 12 hour duties, roster changes, crap hotels and crap food.
The war on conditions will continue on forever just have a look at the new kid on the block:Norwegian Air.
In the end, before we are one day replaced, there will be bare minimum experience with barely interested crews being saved over and over by automation and mum and dad down the back will still go for the cheapest possible ticket. Manuals will get thicker and thicker with procedures to cover every possible eventuality that was once covered by skilled pilots applying airmanship that was taught, learned and honed over decades and decades. It never ceases to amaze and in some way hurt me to share a cockpit with people that despise their career choice.
The Al Haynes', Chesley Sullenbergers and many others alike will be something for the history books, 60 minutes and Warner Brothers in the future.