Gen Y onwards Sinkies r very much sought after. They just entered the workforce, get starting salaries and r groomed for many years of productive work life ahead. It's the older workers who loses out to FTs. They r in their late 40s or 50s, drawing max salaries in their salary band, ..they r the ones that employers will rather pass over for a FT.
Only way to get these PMETs hired is to shut off the flow of FTs so employers have no choice but to hire them.
Those PMETs are obviously being paid more than they're worth. That's why they've been fired. No employer is going to pay someone $10,000 per month if they don't add more than that amount of value to the enterprise.
Suppose I hire a sinkie as an advertising executive and give him the job of selling advertising packages for a website. I pay him $5000 a month. However, month after month, he only brings in $4000 of ad revenue so he's actually costing me $1000 instead of contributing to the bottom line.
So I fire the guy and hire an Indian National or a gen Y youngster for $2500 per month instead. This guy may not even do as well as the older sinkie and he only books $3500 per month of revenue. However, because he is cheaper, he contributes $1000 of profit.
That, in a nutshell, is how a business is run. If I am forced to hire expensive staff, I'll simply move my office somewhere else where such rules do not apply.
PMETs who have been working for a long time should have been planning for retirement along the way. By the time they hit the max pay scale, they shouldn't need jobs anymore. They should be financially independent.