Just to concur, there is a shortage in the States of pilots with 1500 hrs TT - and that will sort itself out pretty quickly. There is also a shortage of type-rated and available A320 and B737NG captains who are willing to re-locate to China, Vietnam etc. There is absolutely no shortage whatsoever of low-houred wannabes (which we all one were) in Europe. There are literally hundreds of unemployed pilots with very low hours and experience, most of whom will never get a commercial job. Training providers have sold a lie that the foolish and gullible just drink up like it was their last sip. That will never change and therefore there will never be a pilot shortage.