Ask HN: When will a business see the effects of paying below industry standards?

If an organization pays below industry standards, what do you say to the management team that doesn't seem to realize how big a problem this is?

People leave... but no one seems to know if it's more than usual. We hire people, and a lot of them are inexperienced, but that could be explained by bad recruiters, not necessarily compensation.

Is there something else I can point to when trying to prove how big a problem it is? Is it actually a problem?