There will never be a shortage of pilots, but there will, and is currently a shortage of good, well qualified and talented pilots.
In my opinion over the next ten years the major airlines will be full of all the muppets out there currently paying for their line training programs sitting in shiny jets. However due to their own actions they will have degraded their own terms and conditions so badly that guys like me will be getting paid more than them to fly more challenging turbo-prop or GA aircraft.
Once we get to the point where large airlines don't let pilots hand-fly or do anything but a CATIII autoland, you wont get paid more than 50K to sit in those seats, because 'anyone will be able to do that job', and to a certain extent they will be right.
Somebody is interested in everything, and if your passionate enough about something you can eventually learn to master it, once you have mastered it you will get paid a reasonable amount for your skills.
