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I'm a software developer and my company flat out refuses to hire graduates (if they didn't work as students here) or offer apprenticeships, even though apprenticeships are a great way to basically produce your own developers.
At the same time, there's a constant staff shortage basically everywhere and we even have to refuse projects because we can't staff them.
If your company isn’t planning on increasing their salary by 50% over the first couple of years then it is a waste of time. You take the hit of all the training and unproductive first year, then they go somewhere else.
Paying a salary that you would have to pay anyway shouldn't be controversial.
Also, not every country has this job hopping attitude. My previous employer had tons of "early hires" that were trained by the company and didn't quit the moment they were deemed "valuable" in the market.
I agree completely, unfortunately the company itself rarely does.