I agree with this. It's not about business owners needing to be more moral (although at the top of the economy maybe that would help a little). The problem is the economic system is based on competition, which means that in the workplace, anything that is good for ordinary people is ground down forever in the name of efficiency. If the boot is ever taken off when there are viable competitors present, the company will be destroyed and the competitor will buy its equipment and hire its staff at rock bottom prices.

This is why structuring the economy based on competition is brutal and inhumane.