So you are saying employers will turn a blind eye to hundreds or potentially 1000+ hours on type, for an FO position, purely because you lack "ATPL" on the flight licence?
Last I heard, applicants for Virgin won't get an interview unless they have an ATP in their hand and not just the subjects either. Under Part 61, that knocks out a large pool of experienced GA pilots. More slots for cadets??
Also if you apply for an ATP with lots of overseas time on 737/Airbus et al, CASA don't accept that time for purposes of by-passing the requirement to have completed a MCC course in Australia. If you have similar time on VH registered jets/turbo-props then MCC course not needed. That info from a CASA FCL guru.