Anecdata, but I’ve seen this backfire tremendously. My wife worked for a skilled nursing facility. They had 18 therapists (pt, ot, and st). 6 decided to stand up to management and demand a lighter case load, a 3% raise (hilariously low I know), and increased transparency from management. They all got put in pips for various “other issues” and eventually all of them were fired. These jobs aren’t that low paying either ($70-$100k / year), so it’s not like finding a new warehouse crew.
Eventually the place ended up downsizing and eventually merging with another facility. The rumor on the inside is that they never really recovered and saw more attrition across other parts of the organization.
I say this backfired because the employees ended up getting fired. Even though in the end the company ended up not doing well.
I guess my point is that never underestimate the stupidity of management. They will let their companies fail in order to not succumb to employee demands, regardless of how benign they might be.