Salts do nothing for people with predictable passwords though. The salt is in the dump, so I can hash known plaintext with the algorithm and the dumped data.

Even if I can only hash a million a day, if your password is one of the top million most popular, and I have a good list, I'll have your password in a day. And if you re-used it...

Salts do make naïve brute-force, all-possible-strings approaches useless, yes.