When we consistently offer bottom-tier wages, we shouldn't be surprised when we get bottom-tier candidates. The constant turnover and performance issues actually cost us more in the long run than paying competitive rates would.
I've seen great team members burn out from constantly training new hires who leave after a few months. Maybe it's time to rethink this approach and invest in fewer but more qualified employees who will actually grow with the company. And stop laying off good employees, we're losing enough to attrition as it is.