What about keeping the minimums low-ish
(ATP minimums, small amount of multi time, ATP written) and make the interview a whole lot tougher than it currently is?

This way it gives advantage to qualified individuals (like those Boiler just referred to with Aviation degrees with lots of sim time/ CRM training, etc.) I'm not saying that everyone from these places would automatically make it, just have a chance to prove themselves in a TOUGH interview. In my mind this would strike a good balance between avoiding 300-hour terrors, and still getting people who are capable FO's.