The military’s fighter pilot shortfall is reaching alarming proportions — and a new report from the Government Accountability Office shows just how bad the problem has become.

The Air Force, Navy and Marine Corps are each short about a 25 percent of the fighter pilots they need in crucial areas, according to the GAO report released Wednesday, titled “DOD Needs to Reevaluate Fighter Pilot Workforce Requirements.”

The problem has grown worse in recent years. And because it takes the Air Force, for example, about five years of training — and costing anywhere from $3 million to $11 million — before a fighter pilot can lead flights, holding on to these pilots is vital to recouping the military’s investments and making sure the services can carry out their required missions.

Over the last two years, the Air Force has particularly sounded alarm bells over its pilot shortfalls. The service has stood up a team led by a one-star general to find ways to stem the bleeding of its pilot ranks. Efforts include dramatically increasing retention bonuses, cutting out paperwork and other non-flying duties that keep pilots out of the cockpit, and taking many other steps intended to keep pilots in the service.

Last November, Air Force Secretary Heather Wilson said the service was short 2,000 of all its pilots, or about 10 percent, and sounded a dire prediction of what it would lead to.

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But these stop-gap measures come with a cost, GAO said. Squadron leaders and fighter pilots told GAO that the high pace of operations for senior fighter pilots — some have been used to fill vacant junior positions, for example — limits their ability to train junior pilots. And that makes it harder for the military to grow the ranks of pilots with specific qualifications.

Deploying fighter pilots more frequently causes family instability and leads to career dissatisfaction, GAO said.

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Retention of fighter pilots is also declining. Although the Air Force has dramatically increased the maximum retention bonus for pilots — first from $125,000 up to $225,000 in 2013, and finally up to $455,000 last year ― fewer and fewer pilots are taking them. Between 2013 and 2017, the take rates for fighter pilots declined from 63 percent to 35 percent, a 28 percentage-point drop.

One of the sources of recruitment for pilots of all kinds are people who want to become commercial airline pilots.

With changes in the industry making the positions far less pleasant, (Michael Moore discussed how the treatment of airline pilot by airlines have become increasingly abusive in his movie Capitalism: A Love Story) fewer people are considering putting in 5-10 years of military service as a entree into commercial aviation.

You see the same thing with truckers, where pay and benefits have been decimated over the past few decades.

If you have a job that requires specialized skills and training, and you devalue that job so as to overpay the banksters, fewer people will get the skills and training necessary for that job.

It’s Econ 101.