Because start classes are still full. There's no shortage of pilots.
With bonuses, but
@mscard88 covered that.
Any one of those regionals gets into trouble or more likely, a world economic "event" happens, those will disappear not just "quickly" but "immediately".
There's also some other game afoot going on. Some of the regionals have been cancelling flights saying it's due to lack of crews, but those same regionals aren't hiring and aren't opening more training. Someone wants this "pilot shortage" message to resonate with the public, when there isn't one.
The majors hired 6000 people last year. Boeing made a splash last week and said the majors will hire 6000 more for the next three years. But they then made up huge numbers out into 2032 for their next "prediction". Note the large gap between 2020 and 2032. Makes it easy to switch from probable numbers to fiction by jumping that far.
There's 500,000 active pilots in the States as of two years ago (latest data).
150,000 of those are ATPs.
100,000 of those are CFIs.
Still, a great time to chase the airlines if that's your thing. Do hurry though, days literally can mean success or disaster when it comes to seniority.
The really interesting thing about the 1500 hour rule is that it probably takes a typical civilian pilot about 5 years to get that done. If the airlines suck up half of the instructor pool (100,000 - 6,000) per YEAR ...
You have a training disaster coming. Fast.
When I started flying there were 800,000 active pilots and the pilot to instructor ratio was 13:1.
Now it's 5:1. There's a TON more people with CFI ratings than had them in the early 90s.
But the vast majority of younger pilots I talk to have lost an instructor to a better job somewhere in their ratings and some have lost four or five.
I don't know what all of those numbers mean, but every CFI I know who is NOT planning on doing anything but teaching is begging me to come help them because they're sick of picking up all the leftover and left behind students the time builders are dropping.
And the airline guys are all whining these folks show up unprepared in the cockpit. Can we get a big fat DUH, for that one? LOL.
So then you think... yeah, I should just quit IT and teach full time. And realize it'd be a 2/3 or more pay cut. Zero bennies. And lots more hours. Hmmm. I love it, but not sure I love it THAT much.
There's GOING to be a shortage, but it hasn't hit hard yet. I think instructor pay at primary level is fairly inelastic. Private pilots can't afford much more than their paying. But watch out. Advanced ratings may skyrocket in price. We're already at $1000/checkride and probably climbing, just for the DPE.
If I had to guess, that's going to be the breakpoint. Chasing the dream? Alright... hourly rate goes up. Anybody see any economic reason that won't happen? You already have non-frugal or poor-planning dream chasers exiting flight training at $100,000 or more in debt. It doesn't seem to worry them much.
Dunno but John McAfee got stabbed by someone and his wife tweeted that he was still alive afterward and that he was coming for them.
LOL. Crazy bastard.