Ganzic, of course not. When I commenced pilot training in 1969, there was an impending worldwide pilot shortage. There was not. By 1979, forecasters (mainly pilot training schools) were forecasting such a tremendous shortage that airline growth was likely to be inhibited. Didn't happen.When I retired, after some 40 odd years, FTO's are still predicting the shortage and coaxing funds from any source. But to be fair, in 1970, my mortgage broker promised that when my endowment policy matured in 1995, it would repay my mortgage & leave me with a healthy fund left over. It didn't.