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The government makes it difficult to become a pilot. And the government pushes pilots out while they’re still able to work. This is done in the name of safety, but has little to do with safety.
Instead it is rent-seeking by pilots unions who want to limit the number of pilots. And they want to limit the ability of airlines to fill pilot jobs quickly. Both of those give them tremendous leverage in contract negotiations with airlines. When there aren’t enough pilots, pilots earn more money.
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