The problem is if there arn't 3-4 times the number of tagged cadets going through that training route will stop being viable. And the prefered option of recruitement will be gone.
Next year is going to be interesting after the last aircraft turn up to the loco's.
And the bulk of the 3 big schools are going to Ryan air who do also take modular. The majority of them fit into the ryanair model of young with family support to allow them to work while not being payed. Where as the modular students alot of them are outside the age bracket and have other commitments which doesn't allow for this.
If ryan and easyjet stop taking even for 6 months there is going to be a huge lump of unemployed pilots heavily in debt with no where to go.
And there are people getting work maybe not on a 737 or A320 but saab 340 ATR's, J41's, Saab2000's and other such types. But most of those jobs the airlines go for modular students.