I have never been in management, so maybe I am missing something here. Even from a purely economic perspective, wouldn't it make sense to keep your existing emp

I have never been in management, so maybe I am missing something here. Even from a purely economic perspective, wouldn't it make sense to keep your existing employees happy than having to deal with constant turnover, unhappy workers etc? All I see is constant hiring (even in small teams) and people constantly leaving, to the point that some teams become completely new in just 3-4 years because of attrition. In my previous job, a lonnnnnnnnnnnnng list of items were pending, because they didn't have enough people to work on them. The mobile app hadn't been updated in 3 years, not even the bugs were fixed. And still the company was one of the most boring places I've worked, with meeting after meeting after meeting... How hard can it be to have individual conversations with employees once a quarter or something, pay them decent, and at least try to help them do their jobs better? All of which will result in more revenue for the company, no? I had a chat with a recruiter who argued that remote workers should be paid less. Shouldn't they be paid more (or at least the same as in-office workers for the same work) because the company is saving money on office space, electricity, internet and even stupid coffee and toilet paper? If the recruiter opens the conversation that remote workers are worth less, then how do they expect the candidates to take them seriously? This is just one example. I just don't get it. Maybe I am not management material/