Interesting that a well written piece gets this reception by the ignorant. I think the article and the sources used have a better view on what is happening than the anecdotal responses on Pprune.
Yes Europe has a surplus but if you see what is happening in the US the WILL have a shortage. But at the same time it is of their own making. For the money the regionals offer you don't want to start training to become a pilot... $26K p.a. as start pay at a regional will not get people to spend $100k+ That is one of the main problems. Top that with the pathetic 1500 hour rule by politicians that value hours over quality of training and you get what you pay for: a shortage of skilled professionals
Oh and @A37575 on Ozzie country... Remember 2008? Just before the crisis:
Australia's Rex suspends more services citing pilot shortage
Qantas' regional arm suffering pilot shortage
So cr@p when you don't have a job and you cannot get one but no reason not to look at the bigger picture that WSJ is painting! On a positive note: less supply of pilots and higher demand=better pay
