The airline industry is a cyclical beast. There are plenty of pilots out there to fill the jobs available. When the major airlines were booming, the regionals weren't. Now the big guys are shrinking and the regionals are growing. The minimums go down when the demand rises and go up when it falls. When you start seeing pay going up, then you'll know there is a shortage.
I can tell you this much for sure. My company hired several classes of pilots recently and every one of them had a college degree, three letters of recommendation from within the company, and 4000+ plus hours TT. They all had turbine experience and most were type rated in something, or prior military pilots. Three of them were sons or daughters of pilots working for the company. It doesn't sound like much of a shortage to me.
Cheers