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"Washington’s law (1792), the first American law on profit sharing, said that the tax credits would be divided 5/8 to the crew and 3/8 to the owners, recognizin
by fabrice1 9y ago
"Washington’s law (1792), the first American law on profit sharing, said that the tax credits would be divided 5/8 to the crew and 3/8 to the owners, recognizing that both workers and shareholders play an important role in building up an industry. Furthermore, the law said that the ship owners could only benefit from the tax credits if they honored the broad-based profit sharing on profits on the entire catch that was common in this industry for well over a century. When Jefferson asked the largest ship owner in Philadelphia about the practice, he said that the ships with profit sharing were more productive and more efficient than the ships with simply fixed wages." I would call it human capitalism making sense economically http://fortune.com/2014/04/17/southwest-airlines-profit-sharing-payout-what-capitalism-should-be/ http://fortune.com/2014/04/17/southwest-airlines-profit-shar...