I'll bite (not being snarky or anything like that)... so why do all the projections show an increasing shortage?
A bit of background first. Initially it was a drop in demand, then the industry changed, followed by a loss in interest just as with other skilled trades. From the 50s to the mid-80s, there were ample mechanic job opportunities, close or near where you wanted to live, and at an honest wage for the industry.
Fast forward to 2000, and in previous time frame, the numbers of small mom/pop mx shops dropped by more that 50%, insurance rates tripled, and a number of existing A&Ps switched to a different industry and career path.
In the same time frame, with the advent of new technologies and home computers, the numbers of young people interested in aircraft mx also dropped by 50% in general. So, the numbers of A&P schools declined, the mechanic opportunities outside larger metro areas started to decline, and even the FAA switched from a GADO system to the current FSDO system because they no longer had a need for all that extra oversight.
5 years ago or so, for the first time in decades, the total number of active A&Ps, dropped below 100,000 even though there are over 300,000 on the books. And in the next 3-10 years you will have the majority of those active mechanics being at retirement age with about 40% of those numbers already over 60 years old.
While there is some light at the end tunnels on new A&Ps entering the industry, its not enough to replace the anticipated numbers lost to retirement plus make up for what’s short now. Unfortunately, even if those new mechanic rates take off and meet this demand in the next 10 years, they won’t correct the secondary issue: loss of experience.
Money is ALWAYS a factor.
Depends on the context. If I offer you a job that you really do not want to do, that requires a move near a large metro area, but you will receive top-industry pay and perks, vs a job you would love to do, remain close or near your current area, but you’ll only receive average or less industry pay, which one would you pick?