This isn't the first time this week that similar thoughts have been brought up on these boards.
I chimed in in favor of ATP minimums being the standard qualifications for all new-hires at 121 carriers.
The reality for the next couple of years, is that (close to) these higher standards will prevail, i.e. pilot surpluss.
Common sense says that regional airlines will ALWAYS pick up less qualified applicants rather than pay more for more experienced pilots.
Crappy for our profession? yes. Potentially unsafe? Certainly.
Going to change? I would bet against it.
This proposal is just another in the long line of pipe dreams that are not credible in today's system. Get over it, or get a new career.