For a first officer position the mins for most overseas/contract carriers dont list PIC jet req. Only a Jet command rating (their language) and x amount of Jet time/weight of Aircraft/2 crew envir... etc.
Direct entry captains need PIC rating + 1000 pic jet time.

Why would this make any difference to the SW model of hiring? In the past pilots bought 737 ratings to show their interest in SW. In the future pilots will buy 737 ratings to show their interest in SW.

Fair enough, but the few (decent) f/o positions open to Americans overseas are pretty competitive - you'll not get in with an empty type. Either some PIC (P1) or a lot of P2 will be required. I'm sure there are some outfits / countries that'll pick you up, but it won't be much of a job. Some Japanese carriers and the UAE guys have some pretty good gigs; other than that ... ... at least AFAIK.

I started overseas at age 50+ and of course had enough P1. 500 PIC for a DEC is common - I've seen it as low as 100, but that was in 2007.

Basically there's no shortage of inexperienced f/o's (with type ratings and without) in most places, certainly in India.

Yep, the cost of the rating was never an issue; the initial training footprint is practically the same whether or not you have the rating.

I know when I went to my Trans States interview, they said they are still doing SIC type ratings for new hires.

That's odd, the last few classes everyone's been getting full types, as far as I know.

A more likely scenario is a training bond that is repaid out if wages. Or a bonus that is paid after a certain time.

In the future I could see that, but presently these training agreements are flimsy and haven't been enforced- that I know of...I do like the idea of the bonus since it may help with the crap pay at the regional level.

Great Lakes has, as best I can tell

PITTARD v. GREAT LAKES AVIATION, No.?05-230., April 24, 2007 - WY Supreme Court | FindLaw

Avoid Great Mistakes then. Its an SB anyway.