I'm betting you got downvoted for the 'if you have nothing to hide' comment.

Everyone has something to hide. And even if they were some miraculous existence that didn't, their privacy is still their right.

Sure, something might eventually crop up to stop it, but in the meantime, it's happening now.

And finally, when I suggest that people stop working for unethical or abusive companies, they reply, "But people need to eat." ... Yeah. So if they'll put up with that level of abuse, there's no way they're going to refuse a job on the grounds of 'password privacy abuse'.