My personal experience in business suggests that loyalty and long-term relationships with workers and suppliers is highly desirable and profitable.  One issue is that well meaning labour reforms up the stakes for getting into an employer employee relationship, and the cost of compliance increases the non-salary costs of an employee.  This effectively creates a salary floor, unique to each business sector, below which the employer will or even must look at other ways to cut costs at the expense of any mutually benefiting loyalty with the worker.  This creates a feedback loop where the employee becomes less invested in any mutually benefitial endeavour with their employer.  This feedback loop is going even one step beyond where new generations of “gig” workers are becoming consumer champions of companies particularly on the tech side that not only are the worst gig work offenders but even are developing business models that monetize the time inputs of people without paying them at all!