My job would rather close down than pay people enough

We are severely understaffed. We have a hard time keeping and hiring employees. Upper management refuses to pay us a living wage but they give themselves nice bonuses every year. Important stuff is not getting done and then they blame our night shift manager. I’ve had two managers quit because of this so far and the position has gone infilled. The place makes a lot of money reliably but it seems like management would rather burn the place down instead of just paying us fairly.