https://medium.com/incerto/how-to-legally-own-another-person...
The argument made is that being a "good employee" and following the rules is a signal to your employer that you're willing to make personal sacrifices to be dependable - the implication being that someone who follows the rules almost all the time is by necessity sacrificing some part of their personal interest.
It's just that, though - managers want dependability as much as they want competence, sometimes more so. This may or may not be good for the company depending on the company. If the leverage of each employee (in terms of their ability to affect the bottom line) is small, then dependability is far more important. If the leverage is high, then the employee's results dominate - the employee can come in whenever they want wearing whatever they want and say anything they want, as long as they make it rain.