With the upsurge of LCCs and start ups, there is certainly a shortage of experienced pilots. Flight schools and academies will be churning out heaps of newbies ever eager to fly for peanuts. The big crunch will come when the LCC business model implodes; this is just a matter of time........just like the sub prime crisis, the LCC business model is unsustainable whatever what fat hopes the various vested parties have.