It sure looks like the Airline Pilots Association understands the importance of government regulation to create benefits for a small group and the value of limiting supply.
According to WSJ, new regulations require newly hired pilots to have at least 1,500 hours of prior flight experience. That number is that is six times the current requirement. At the same time a large number of pilots are going to be forced to retire because they are bumping up against the current mandatory retirement age of 65.
Mike Sykuta writes:
The coincidence of such a staggering increase in training requirements for new pilots and the impending mandatory retirement of a large percentage of current pilots suggests that perhaps other forces were at work behind the scenes when Congress passed the rules in 2010. Legislative proposals are often written by special interests just waiting in the wings (no pun intended) for an opportune moment. Given the downsizing and cost-reduction focus of the US airline industry over the past many years, no group has been more disadvantaged and no group stands more to gain from the new rules than current pilots and the pilots unions.