Aren't they all? They lock you in with a seniority list, and you have almost no way of really knowing whether the company will expand or contract or any knowledge of a time frame in which that will happen. The only difference between them is whether or not you get burned.

I agree, do not go somewhere with poor wages/work rules just for the hope of a quick upgrade. That quick upgrade will most likely not materialize, and you'll be stuck working for a stagnant (or bankrupt) employer with awful QOL. As it turns out, it really is worth it to wait for someplace that will treat you with at least some respect.