I don't think that is an accurate summary of the situation at all. In particular your characterization asserts indirectly that that the employer is doing something wrong, that if only they were "willing" the problem would be rectified. But it is nonsensical to think that a business is going to willingly make choices that go against its own self interest, that hurts its business.
It makes no sense to hire an employee for $X/hour if that won't increase revenue by at least $X/hour.
It makes no sense to raise prices to cover an employee's wages/training for $Y/month, for example if revenue goes down by more than $Y/month (higher prices => less sales)
I don't believe I asserted that the employer is wrong in being unwilling to train or pay market rates for labour. There are many valid reasons to be so unwilling.
It makes no sense to hire an employee for $X/hour if that won't increase revenue by at least $X/hour.
It makes no sense to raise prices to cover an employee's wages/training for $Y/month, for example if revenue goes down by more than $Y/month (higher prices => less sales)