I could not agree more with you Bealzebub, madlandrover, MagicTiger & Whirlygig. Pyramid schemes are a waste of everyones time and credibility, and your arguments have proved that:
Based on Employment figures (FACT) for Flight Training Organistaions, that the present system IS a PYRAMID SCHEME and/or FINANCIAL SCAM to MORE THAN 50% of qualified pilots.
Employment figures
Approx number of Unemployed Pilots in UK? [Archive] - PPRuNe Forums
Regulation of this industry is well overdue!
After all, no one expects a guarantee of a job, only a fair chance. And the statistics show gross negligence.
In reality there are pprune'rs out there in the same situation suggesting class action and government regulation, and the list is growing.
How hard would it be to pass an act limiting all of the Flight Training Schools student population based on numbers of jobs available and existing license holders?
In addition to passing law, forcing the FTO's to provide these statistics prior to any form of training under the Supply of Goods and Services Act.
I can imagine the headline now:
"THE FLIGHT TRAINING BUBBLE"
.....