Just my two pennies worth.
It is all very well arguing about supply and demand, market forces, etc. However, I am of the firm belief that there are fewer people trying to get into aviation because it is so indifferent to trainees. This will surely result in another skills vacuum in the not too distant future. Some might think that is good for their prospects, it will be, for about three to ten years before you face redunancy.
These airline induced oscilations that have been evident for the last 20-30 years are partly down to how difficult it is to respond to the need for pilots when the demand is there and how remote such a career seems when there is no demand.
These organisations need to aid and bring on those people they see as being of the right character and ability with a view to creating a stable industry. This boom and bust mentality is no good for anybody in the industry, never mind the pilots.