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I'd hazard a guess that financial impacts of reduced performance as a result of this torturous schedule pale in comparison to the cost due to injuries.
I've recently had to work a couple of overnight shifts when I was overwise working basically dawn to dusk. Staying awake isn't that hard. Getting real sleep becomes the struggle. What surprised me though was the vertigo, constant low grade nausea, and dizziness that disappeared after a normal full NIGHT's rest. I may feel like a night owl sometimes, but my body does not agree.
Probably. But it’s an issue of variance. You will get the reduced performance. And if you get an injury you’re in a real bad spot, but an increase in likelihood of an abnormal event with disastrous consequences is far more abstract to businesses than something like a reduction in performance.
This is why the field of actuarial science exists. I bet whomever is insuring these businesses would be interested in all of these management attitudes and business practices.