They are in a local equilibrium where changing it even in a fashion that would be beneficial to all would risk of loss. Some will avoid risk even when increasing loss for doing nothing is all but sure. People will continue to pay too little to obtain workers losing more money as their number and quality of workers declines while demanding cuts to benefits like food, childcare, and health which are often the only way most of their workers can possibly afford to work there AND eat and live indoors.

If allowed they will continue to do this until they go out of business then insist that the government destroyed their business. Then the banks will lend more money to the next round of idiots who will happily do the same.