Why does “innovation” have to go hand in hand with fucked up labor practices?
While still losing a billion dollars a year, or more, for years.
Not exploiting your workforce as much as you can is an almost guaranteed road to failure.
Imagine taking investor money and saying "I'll pay more to my workers so they can have decent lives". They'd oust you in a second. Same if you're in a publicly traded company.
The only possible way this doesn't happen is if you're running an already profitable private company, you're willing to grow at slower rates (which carries its own risks), your market allows it and you're not a sociopath.
That's a very rare combination.