and then..
I believe the current "crisis" is two fold.
First, local airlines have had it so good for so long they are very reluctant to try and meet international T&Cs, meaning local pilots flock overseas for better paying jobs etc. This in effect causes a flow on effect at home causing the local airlines to pillage the regionals as they know they will fly the big shinny jets for the going rate. etc etc.
Secondly, the big guys have managed to rape this industry/career so much that young guys/gals no longer see a return for the big investment needed to become a pilot. As was mentioned, get a degree, work Mon-Fri and earn as much..no brainer!!!
My point, the airlines are to blame for the current crisis, the government has helped them out over the years and our cries of foul play have been ignored. (Whinging glorified bus drivers) The profits of these companies are still soaring and they dare ask the government for help!!!! No doubt it will be our fault again!!!
REX: Increase your T&Cs, yes less profits next year. To compete with airlines, how about lifestyle rostering, part time, roster share, profit share, free jumpseat travel and weekend penalty rates. Might just attract some senior guys, fed up with the international flying, come ack to enjoy some good old fashion regional flying without the crap rosters etc etc!!