I have seen multiple people making decision of "this place pays more, but the environment looks toxic" or "this place pays more, but the business seems borderline unethical" and taking lower offer. I think that is why famous toxic places had to have very high salaries - cause the people were not interested otherwise.
People will do this in a good job market. In a bad one, even crappy employers will have their fill of willing employees. Too many in her have never experienced a bad market