What would you technically call a company that, as a strategy, mostly recruits people who will accept low pay?
Background to understand the strategy:
Typically High pay = high skills, but the company wants substandard staff to do the work for a low pay. The company suffers the consequences of low pay = low quality output.
This may happen for different reasons: countries' bad economic policies, local market forces etc. However, one of the main reasons is that management gets enough budget for recruiting high pay staff, but they under-utilize the budget by hiring low salaried workers, manipulate and take all the excess budget for themselves in the form of bonuses.
The company may eventually get low skilled staff and make them do all that is expected of skilled workers by adopting decisive management tactics.
The point is that I am unable to get online Google research material/articles required for a report on effects of such companies. A hint by a colleague to try for "Low paymasters" did not yield any result.