Well, I was lucky that I beat this requirement, because that was my first commercial flying job. I learned a lot flying sightseeing tours. I learned about what it was like to fly passengers. I learned about flying on hot summer days, in wind, dealing with thunderstorms, distractions from passengers while flying, etc. all in a heavy loaded airplane.
I can see the need to protect the public. The sad thing is that it is just going to get harder harder to get any experience. Looking back, I shudder to think of the liability the pilot would have if a tire blew and a passenger scraped their knee (or worse).
How are new pilots going to get experience???