So how do you differentiate the "value" of that 400 hour pilot vs the 3500hr pilot that is in the same newhire class?

What's the "value" of the 500 hour pilot with a hundred hours of turbojet simulator experience and systems knowledge, or a 500 hour pilot with a couple hundred hours of actual instrument and/or multi time, vs. the 2000hr pilot that has 1400 dual given in a Cessna 152, 100 multi in a Duchess bought in Florida, with little in the way of practical IFR experience?

Anybody flying an airliner full of people is worth more than $20/hr, regardless of the TT column of their logbook. You guys should know that...