It's bad for the company too, in the mid- to long-term. As soon as anyone who accepted the low offer realises they've been screwed they'll either leave or their

It's bad for the company too, in the mid- to long-term. As soon as anyone who accepted the low offer realises they've been screwed they'll either leave or their productivity will take a nosedive. Either way you end up recruiting someone again, which is expensive (in time) and tedious.