Future is not looking good for newbies at all. Getting a job now is only for the ones having very good contacts or some lucky ones in sponsorships. Of course you might hear success stories but the other thousands of unemployed pilots remain silent.
The rest is just gambling with their money. After buying rating finding out nobody wants you without hours, so they pay to fly. 500 hours later a handful of lucky guys manages to get a seasonal contract somewhere.
Then the most important part: They now find out that companies do not hire them, there is enough other guys in line who want to pay for flying.