If your only remaining employees are desperate sycophants, they're probably not the sort of top talent that actually knows what they're worth. Maybe I'm wrong though.
The freedom to just up and move jobs isn't equally available for everyone.
Anyone who doesn't have a permanent right to work (eg on some kind of visa) can find it hard to switch jobs.
If you live in a place where Healthcare is tied to your employer, then that can cause problems, too, if you/a family member have some kind of chronic/ongoing medical issues.
If your salary package has some kind of deferred portion, then that can also make switching difficult.
