I agree. I can't see any sign of a pilot shortage out there. Maybe a lack of type-rated, experienced and available guys perhaps but certainly no pilot shortage.
As WWW says there are 2,000 odd unemployed guys in the UK alone, the flood gates have opened for others into this country, the RAF have just been told yesterday they are cutting back further, many large American carriers are staring into the abyss and there's the risk Al Qaeda will decimate the industry again at any time.
Read page 24 of the Ryanair thread "A call to arms." £9,900 per annum for new F/Os doesn't sound like a pilot shortage to me. The market operates on supply and demand and pay rises across the industry are hardly racing ahead.
Pilot Shortage ? DREAM ON !!!!!