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Comment by m0llusk
This can happen, but Paul "Kinko" Orfalea's book "Copy This!" goes into a lot of detail about how it makes sense to care about employees as people and doing so actually contributes greatly to the bottom line. His company "Kinko's Copies" is not the greatest tech leader ever, but it provided basic services to ordinary people using low paid labor and managed to have employee morale and retention far above other companies in this class, fast food companies being perhaps notable for bad employee morale and turnover so extreme that at times it threatens operations.