It's not about the workers. It's not about the market.
Hiring all the staff at an inflated rate to put a competitor out of business is good for the staff that got hired.
Without competition the dominant player makes more, without other places to work dominant player pays less.
> It’s not for the greater good.
Your not getting paid because your valuable your getting paid out because its anti-competitive. Paying you more to bankrupt a competitor is no different than dumping product to put them out of business ... Secure your market position and then jack up the prices and lower the salary.