No, being greedy is why America still has slavery, technically. As a whole they could get a ton more profit and save on costs if the system cared to develop prisoners, reduce prison populations and make them more productive members of society.
Individual and short-term profits are gained through this exploitation. The fix isn’t to eliminate profit “waste money” then everybody loses. The solution is to address the externality in the market, thereby making it so that everyone can profit.
I was mostly surprised because Spelunky 2 is so much harder, and Spelunky 1 is already hard enough for a newcomer.