If this is true in a not very short time we are going to have some quite serious problems getting trained.
When things do start to pick up there isn't going to be capacity to train the required pilots. Instructors who were waiting for there break will be off to do there big jet jobs. Leaving the remaining career instructors with an impossible work load. And of course supply and demand will push the price up for training so they can pay the instructors more to stop them leaving.
I hope this rumour proves to be false.
MJ