Eventually, with all other things being equal - yes.
It *really* is in the best interest of everyone that no one cheat, lie, fabricate, employ hyperbole, obfuscate the facts, et cetra.
But, we live in world where not every one behaves honestly. Therefore, we establish 'rules' with penalties.
I Still believe that better choices - exercised by a LOT more people - would eventually expose those employers that cheat, those businesses that swindle, those organizations seek to dishonestly do business.
At heart - I am a Libertarian. In practice, however, I will see enacted that legislation that allows our society to 'function' ...