I dont write too much but i regularly read these posts. Just want to say my opinion on this matter. I personally think that its just a period of instabillity in the aviation industry. As everyone knows aviation is the most revolutionary industry and one that has always managed to find new ways of exapnding AND surviving. Dont forget that rising oil prices affect ALL travel industries. Traveling is second nature to many millions of people and there is no way people will stoop to an alternative travel industry to compensate for rising prices in the aviation industry. Our industry is just the most publicized and people hear its good and bad more.
I think that anyone who wants to become a pilot needs to be flexible and they have good chances of finding a job to get the first 800-1000 hours which are crucial. Most people I know who said "im gonna do whatever it takes" made it and landed good jobs VERY fast, the ones who said " i have a girlfriend here, i cant just leave" are the ones on forums complaining about how the aviation industry is in a major downturn. Aircraft will always be flying and the investors wont just let themselves loose money!!!!
Just my two cents
SVoa