Yes there is. With the rising costs of things like fuel the general operating costs are increasing. The training of new pilots is expensive. So the company employing these tactics can only be described as short sited and daft. An added factor is the pilot leaving takes with him experience which is then gained by the better paying airline.
Note:This doesn’t necessarily apply to a she leaving the company.
So therefore the better paying airline is also the safest. A good example would be to say compare the late Nationwide and Comair’s pay structure and past safety records.