It has had a huge impact on existing FOs.
The FOs became Captains and bit their tongues.
Many potential Pilots could not afford to get into the industry due to the high cost of entry.
Those with experience went overseas and are now expats as they can't afford t work from home.
Your future ain't in NZ mate. Get used to speaking Arabic or mandarin if you ever want a return on what you think you're worth.
Pity though, cause guys like you will head over there too dragging those T&Cs down with them.
Like the Jetstar group contract or the substandard rishworth Jetstar contract. If not enough guys apply, the condition improve until they get their numbers. If no one applied to the cadetship, it will be modified to attract more applicants.
Unfortunately you're too short sighted to see it.