It's really more of market forces, Supply vs Demand, and pure economics in the Airlines' management eyes.
Thousands of well educated youths are jobless worldwide, but many either with sheer determination to save up or, lucky to have deep pocketed parents who are willing to finance the flying dream, blinded by the ever colorful flight school pamphlets that promise the sky.
The aircraft manufacturers wouldn't want it any other way. Both Airbus and Boeing need not be sponsored, they WANT to drum the message of shortage of pilots to ensure CHEAP pilots are consistently of abundance. How else are the Airlines' beancounters gonna earn their bonuses if they aren't enough fools to help sponsor flight training? The planes will get even more easier to fly, and statistic will continue to impress and how long does it take for everyone to forget about a perfectly flyable and proven 777 that was stalled to the ground?
It's too late now, LoCos and many other carriers are naming their price to induct desperate candidates for P2F, or similar schemes. Passengers are spoiled with $9.99 return on a 2 hours sector, and will frown upon if they ever have to pay a cent more on the same sector.
I did not have a crystal ball, but I could surely read the trend and started planning to get out of aviation more than a decade ago and am proud to say that I'll be retiring well ahead of my initial plan. I'm glad that I do not have kids who wish to be involved in aviation, although I had consistently failed in my effort to dissuade my relatives' off springs from getting involved. I do not blame them, but the future is too bleak that I could only wish them luck.