Discussion: COVID-19 and Pilot Wages

• Due to COVID-19, demand for air-travel has gone down. What does this imply for demand for pilots?
• During the coming decade, thousands of senior pilots will reach age 65, which is the federal government's mandatory pilot retirement age. What does thisimply for supply of pilots?
• How will these two event s simultaneously likely affect the wages earned by airline pilots?

Note: This discussion is based on MLO3.4: Illustrate equilibrium price, and equilibrium quantity, and impact on equilibrium due to simultaneous