“The GFC is over”
Lets wait and see. Google Marc Faber/Jim rogers/Nouriel Rubini/Gerald Celente for their views on where the global economy is heading.
“… and the shortage of pilots is far worse now.”
I know of several airline pilots o/s still waiting for a call from Jetstar/Tiger/Virgin/Vaus. They will be sad to hear of this “shortage”.
“….no longer viable being a professional pilot.”
Could you explain why $80,000 starting salary is not “viable”.
“However the same laws of supply and demand will now force employers to do anything to attract scarce pilots”
No, the forces of supply and demand will force employers to make the employment proposition more attractive to prospective employees. And yes, this will result in a moderate increase in Salary, probably. But don’t hold your breath waiting for Vaus to offer QF conditions.
Airlines will not do “anything” to attract pilots. The business can only sustain labor costs until a certain point beyond which it is no longer viable to provide the service.
Jetstar is proof of how critical labor costs are to an airline.