Are you in the UK? If so, I&#x27;m seriously surprised this doesn&#x27;t ring true. To me it exactly matches my experience both as a contractor and as an employer. 
As to who is being exploited here, it&#x27;s the whole IT industry. They are rent-seekers, pure and simple, and they leech off our industry. They may not be sending children down mines, but that doesn&#x27;t diminish the fact they are terrible companies and terrible people.