FAA OTS bids are receiving close to 60,000 applicants anymore. Even if applicants dropped by 95%, the FAA would still be able to meet annual hiring targets assuming 1 out of 2 wash at some point in the training pipeline.
There will never be a shortage of people wanting to get their foot in the door regardless of how bad things perceivably get for those already doing the work. We are underpaid for the work that is done and the conditions we face, but ATC has been sold as a high paying job to the public with no degree requirement… people will always stand in line for the notion of a “six figure job” even though six figures just flat out ain’t that impressive anymore.