Yes but in some companies it's reached stupid levels like supplying office furniture that looks like it was dragged in from the street or providing inadequate / antiquated software that makes workers less efficient but with lower wages, I guess they figure it's money saved.
Why should they buy $600 Aeron chairs when the troops are willing to sit on ones that cost $69.95 at Wal~Mart? Why should they pay $1 for software that increases productivity by 50% when they can make the troops work 20 hours of OT for free?
Because the troops can't (or won't) go somewhere else.
It works both ways. I remember times when 23 year old "programmers" who happened to know Java and HTML demanded and got 6 figure salaries, signing bonuses and whatever electronic toys suited their fancy.