Very interested into the diverse perspectives of different pilot on here, both experienced and inexperienced.
Being a pilot is mainly a decision making job. A very wise CFI once told me this:-
"Good decisions come from experience, experience comes from making bad decisions"
Hence I don't support cadetships in any way, shape, or form. I'd sooner see a pilot make a fatal decision and prang a C206 rather than a A320. (I'd rather not read about a crash at all!)
Of course there are all the other reasons that cadetships are nasty. E.g. IR laws, cost saving etc.