Good post.
The terms and conditions of the easyJet flexi cadets are what they are and are what was offered. That some are now finding jobs and contracts that they find better is good for them and good for the profession. When you're the only game in town you get to set the rules. When there's several games in town - that's much healthier and honest.
Let's just hope that we see more airlines following Monarch and investing and employing. There is a truly massive army of wannabes with licences queuing up to sign contracts of employment. I fear that we have a training industry appropriate to the boom years and as a consequence a huge oversupply of cadet pilots. As such I doubt much will change contract wise at the big locos for many years. The good news for airlines like Monarch is that this provides a rich resource of experienced, well trained and willing FO's.