What you are missing is that when you took your cuts in Bk back at TWA when you landed you still were making decent pay. Even after BK TWA could demand that applicants have years of heavy turbine experience, and they got them. back in 2000 the FAA was still issuing around 9500 original mechanics certificates a year, now it's less than 6000. In real terms the pay is 40 % less than it was back in 2003. Every few weeks there's another article about how FBOs can't find or retain workers, well they are the canary in the coal mine for the industry. When they can't get workers the airlines can't get them either once they have depleted the FBOs of their workers.<_< -------- Read my edited post!
AA knows its coming, they have already made deals with several schools across the country but in most of these large metro areas they are competing with utilities and other industries that offer better security, pay and benefits. Frankly, the airlines don't have much to offer anymore, flight benefits are not much of an incentive when we have $100 fares and layoffs, bk filings, drug testing, and mechanics being charged with manslaughter.
Mechanics pay across many parts of he industry has bottomed out. It's getting to the point where mechanics who have put in the years to get a job at a major would not even have to take a temporary hit in pay to start a new career, Mechanics at FBOs no longer have an incentive to pay their dues working at an FBO to get experience because there is no payoff at the majors, as I've posted before my wife's starting pay was $6/more than my topped out pay.