Well, they did a study...
https://www.rand.org/content/dam/rand/pubs/research_reports/RR1400/RR1455/RAND_RR1455.pdf
"Overall, ...... we found evidence to support an increase in the ARP cap from the current $25,000 per year to $48,500 per year, a 94-percent increase, with a large range, from $38,500 to $62,500, to cover net increases in civilian pilot pay from 9 to 14 percent and an increase in major airline hiring to 3,800 pilots per year (corresponding to a probability of being hired of 70 percent). "