Sorry, but where is this mass exodus of pilots you are speaking of that need to be replaced quickly?In another industry, if there was a mass exodus, they could probably replace those workers easily and train them to do the job. In the pilot industry, yes you may be able to replace them fairly quickly, but training is expensive, and finding the caliber of pilots we have gone for in the past may be difficult. How will that change the public's perception of safety in the air?
Pilots like what?Unfortunately it bodes badly for the future of the pilot profession as standards will be lowered. It may be eventually reduced to the status of a bus driver, do you really want to fly with pilots like that?
Hate to break it to you, but domestic U.S. air travel already US bus travel.
You are correct, if salaries (and actually I was referring to all front-line airline workers, not just pilots, but we'll go with this) get too low to attract sufficient numbers of qualified people, of course wages will go up. However, I don't see that happening anytime soon, especially with pilots. It is still a decent living compared to just about any other profession out there, and in any case, there will always be a long line of people who have been bitten by the aviation bug and are willing to become trained and qualified to fly for a major airline . I don't see that changing in my lifetime. I don't foresee a drop off in safety or pilot quality, and in fact increases in technology will likely only make things continuously safer overall as time goes on.