Absolutely agreed, and I've been on both sides of the table. I even had another manager argue with me that we should push extra hard on offering the lowest pos

Absolutely agreed, and I've been on both sides of the table. I even had another manager argue with me that we should push extra hard on offering the lowest possible compensation we could get away with, so that we could be sure of only hiring people who were "really desperate to work for our company". Sigh.