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I suppose it's piling on at this point, but, yes, it absolutely sounds like you are devaluing them both monetarily, and personally in quite an adversarial way. So while I can see why you might want to get workers with fewer options, I am not convinced that it's at all beneficial for anyone else. If they were making something incredibly useful, you could probably treat them better for it.
Just to be clear. They are bad when they first get hired. They are good after being trained, which is why they leave. The thing is the pay system for them is weird because they are brought on at their current salary when they company is acquired. So even if you bumped them up 20k they would still be underpaid by industry standards.
Right, so as part of the training program offer them something like, "if you complete the training successfully you will get a $25k salary boost but will have to remain with us for 3 years." Companies do this all the time by offering to pay for an employees tuition in a graduate school program.
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