Wow, i did not expect so many comments. Actually i have nothing against fresh out of school pilots , we've all been there so don't get me wrong. I wrote something about safety but it was purely assumption which is clearly proven to be wrong. My concern is mainly with T&C and European aviation that is definitely going god knows where. Lets assume regulations won't change and low-cost airlines will expand, multiply and mutate(like Lauda) and eventually bigger legacy carries will struggle hard to compete and either go belly up or transform to another low cost airline with a proud name and huge debt. As i pilot i prefer not moving to Asia and rather have a decent life in Europe and get an average salary. People in Europe are relatively rich and can spare us some change on top of the ticket price. Otherwise we all end up senior captains sharing dorm bunks and frozen pizza.