Pay for new pilots has always been low because flying was glamorous and bunches of people wanted to do it. Flying has come to be considered more of a job than a glamorous occupation so it attracts fewer persons wanting to be pilots.
Flying has become a lot more expensive. Not like the days when one could rent a C-150 wet for $8 to $12 per hour. Instructors also wish to be paid more and when they find out the won't be they drop out leaving instructors who charge more.
Flying has become more regulated taking some of the pleasure out of it. This is less true in AK than the lower 48.
If you don't have enough wars, you don't get enough ex-military pilots who have been trained to fly jets, helicopters, etc.
I would say airlines will have to pay more for their pilots and people will have to pay more for their transportation.
