My personal reaction is to feel even more strongly that I'm not willing to fly on a (now longer) list of airlines. I never have or would fly Lion Air, but to me it's a revelation that a respected international carrier like ET would hire a copilot with only 200 hours.
OTOH if there's a shortage of well qualified pilots, maybe the Airbus approach makes more sense as it seems to rely less on the skill and judgment of pilots.