Aviation works on a 12-15 year sine curve.
1974 was the bottom of the curve with the oil crisis: by 1986 guys leaving the RAF were holding 2 or 3 job offers and companies were crying out for pilots.
By 1993 the curve had gone down and was heading towards the bottom: it picked up again and 2005-6 should have been good years, at the top, but 9/11 threw the wobbly which put the curve out of kilter for about 2 years.
So the curve hits rock bottom in 2001 / 2: we could expect it to pick up by 2012 / 16.
When it does the pay to fly schemes will have died a death and companies will falling over themselves for pilots, because without pilots,there is no expansion, growth or profit.
Patience.