Gas-Chamber,
The evidence indicates you are wrong concerning the 'older guys'. This movement of pilot labour is global and affecting Jet operators in our regon including Cathay and Dragon Air as well as Turboprop operators such as Qantaslink and REX. I know many senior pilots in their 40's and 50's who have exercised their free market prerogative and moved to better paying positions.
A decade ago there were few opportunities for the 'older guys', but now with the combination of current 'user pay' recruitment ethics at the LCC's and recognition of a global shortage by legacy carriers, age is not a barrier and in this respect I think Krusty 34 is right to pursue the initiatives at REX to try and retain the flight department corporate memory before it is too late.