New players will feel unable to ever become elite or catch up to the huge amount of people that have multiple rank 50 jobs. This is especially detrimental to people who want to play the game as a crafter main, as it will be practically impossible to compete or profitably level up crafts when your server is full of people who have multiple crafts at rank 50 from botting.
A very valid concern.

Personally, it wouldn't bother me one bit if they just reset everything when the game gets to the point where it becomes a pay-to-play system.

As a compensation, they should give some unique prestige item to all current (beta) players that gains you an instant 25 levels in the job of your choice.

But I'm likely alone in this opinion.
No, you are not; I invested a lot of time to get into the 40s myself, but a fresh start is *right* what this game needs.