Well then it’s not financially worth it for capable people to work for that company. And of story
I just finished a successful job search, and only had 1 company (of maybe 50 applications) try this.
Something must be wrong with this logic because it clearly is financially worth it to have a job.
Yes, for the company.
Every company does not do this. I always refuse tasks like this unless I've talked to a human before hand, as unless the company has invested a little effort, then I won't invest any effort.