I have been out of work since last July, I have over 10,000 hours of which over 4,000 are on 727s. I’m battling to even get work as an instructor because the market is saturated with newly qualified pilots who are resorting to flying instruction to get hours. Therefore the future industry is being trained by instructors with just over 250 hours total experience.

I think that has been the normal state of things at some or many schools for years. I was fortunate enough to attend a school where the staff mostly consisted of former military and airline pilots with heaps of experience from operations and training. Not sure if there are too many of those around.