There is no such thing as a pilot shortage. Get that out of your minds (unless you also believe in fairies and Santa).
There may be a shortage of EXPERIENCED pilots, but that's not the point. Flight academies allover the world are spitting out thousands of newbies every year. Maybe a few more or less, depending on the economic situation. That's all.
Whatever shortage there may be, it will be covered by the end of the year. And if not, the minimum requirements for newjoiners will be adjusted a little bit, while at the same time all the current pilots will have to fly a bit more.
The "good old days" are over and gone forever.