That's more than once I've read this 'apprenticeship' notion as a reason for accepting this offer - some of us feel we have served this 'apprenticeship' already with thousands of hours on Dash 8s etc and this kind of deal is actually just derisory.
I certainly can't afford to keep taking 3 steps back to try and take 1 step forward. Just my opinion; I won't be applying. Good luck to those who do.