Not so Skylion. Do your homework. IATA estimates, dating from mid-90's, of traffic growth until 2010 are broadly in line with what actually happened. What ryr have done is remove the jobs that would have been there anyway from well-paid airlines and created them instead in a low pay environment. In fact, the overall number of jobs for the same traffic would have been higher as ryr crew tighter than others. So in fact ryr have actually removed jobs from the market.
You obviously don't recall the buoyant late-90's jobs market when pay was much higher and self funded ratings unknown (even at ryr).
Amazing what you learn when you do some research and not make sweeping statements unfounded in reality!