Probably a large element of truth in what you say Maximum.
However I know of a couple of employed airline pilots who have applied to eJ with less than 1500hrs who are waiting for assessment days.
Also we've got quite a few ex-Sabena FO's with less than 1500hrs who've joined so they're still finding "experienced" low houred FO's. But that source will eventually dry up.
Don't know of any low time zero commercial experience people coming through except through the ATP Academy scheme.