It is vastly inferior. It is a substantial lower per hour wage, they do not get paid breaks, they do not get the delivery supplement worth well over £100 a month, they have to work Sundays, they are not entitled to SA rates.
There has never been a time in royal mail where the comparison between the two posties doing the same job in terms of pay and terms and conditions is so stark. This is in a cost of living crisis and at a time when housing costs are sky high. A significant proportion of new entrants are young people, or people in their 20's who have not been able to purchase property, build savings and so are greatly affected by this.
I am on a legacy contract but I think people need to get some perspective. We can look at historic allowances, or 6 weeks annual leave or new starters in the past having to do a year or two before their wages rising. However none of this compares to the plight of new starters coming into the business. Their terms and pay have been absolutely decimated!