The people who benefit more as this thread is prolonged is Parc, this Se guy and Ryanair.
Don't the cadets get something out of it as well? Like 2 years and 1800 hours of 737NG time and the world is their oyster. Many will do a couple of years and move onto other carriers and be made for life. Yes they pay 25k or whatever the going rate is but what is the opportunity loss of earning £8k as an restricted FI for 3-4 years building up your hours before you can land something like a TP job and £22k a year? Of course the 2nd option assumes you can land a job in the first place which is no mean feat in itself. Would have thought the former was a reasonably wise investment is it not? Then again you could always go back to boring old day job that you promised yourself you would never do, forget all your IR training, send out countless cv's bemoaning those that have coughed up and spend all your savings each year on the IR renewal.
I say its horses for courses and good luck to anyone that goes down this path.