Please no. Japan is that way. Japan pays programmers $20k to start, no better than working fast food. Their salaries go up to $60k at the top end at most big Japanese companies and they have the attitude that anyone over 35 is too old to code. I feel the fact they hire grads with zero experience is one of the reasons. Why pay someone $$$ if they can't actually do the job yet? Conversely interns at Google make $70k-$100k yearly equivalent. The two might not be connected but I feel they are and so AFAIK the "pay for experience" is better than "pay with free training" for employees.
It also seems better for the employer. Japan still has a culture of lifetime employment so the employer invests the equivalent of a college education into the employee and gets a lifetime commitment. That would never work in the west. People would take the free education and then leave for greener pastures the first chance they got.