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I've already loved these guys, now my admiration just increased. Reading HN we start to think that life is to get bigger and richer. These guys spend their time
by neves 8y ago
I've already loved these guys, now my admiration just increased. Reading HN we start to think that life is to get bigger and richer. These guys spend their time spreading intelligence, art, and fun.
- C1sc0cat 8y agoThat is the point of a worker coop just that the rewards are distributed equitably :-) an d yes that does mean the cleaner / office admin get as much as the CTO
- scandox 8y agoCan you elaborate on "gets as much as". Do you mean they get as many shares? Earn the same salary? I'm a bit unclear on that.
- alehul 8y agoI don't believe salary will be equal-- the company will still pay out salaries; owning equity and receiving dividends from that equity is a different matter. Here's a source with much more info on the structuring: https://www.theguardian.com/film/2018/nov/10/wallace-gromit-producers-hand-stake-in-business-to-staff https://www.theguardian.com/film/2018/nov/10/wallace-gromit-...
- C1sc0cat 8y agoA pure worker coop can have identical salaries - this is very rare. But a coop MUST by definition distribute shares and dividends per member - if it does not then its not a coop
- profalseidol 8y agoIt depends on the workers themselves. The salary policy is democratically decided. For example, a very well known large scale worker-coop umbrella Mondragon does this: At Mondragon, there are agreed-upon wage ratios between executive work and field or factory work which earns a minimum wage. These ratios range from 3:1 to 9:1 in different cooperatives and average 5:1. That is, the general manager of an average Mondragon cooperative earns no more than 5 times as much as the theoretical minimum wage paid in their cooperative. For most workers, this ratio is smaller because there are few Mondragon worker-owners that earn minimum wages, because most jobs are somewhat specialized and are classified at higher wage levels. The wage ratio of a cooperative is decided periodically by its worker-owners through a democratic vote. Compared to similar jobs at local industries, Mondragon managers' wages are considerably lower (as some companies pay their best paid managers hundreds of times more than the lowest-paid employee of the company) and equivalent for middle management, technical and professional levels. Lower wage levels are on average 13% higher than similar jobs at local businesses. Spain's progressive tax rate further reduces any disparity in pay. https://en.wikipedia.org/wiki/Mondragon_Corporation#Wage_regulation https://en.wikipedia.org/wiki/Mondragon_Corporation#Wage_reg...
- closeparen 8y agoModern tech companies are halfway there: contract out low end support functions and high end specialty expertise, so that actual FTEs are paid substantially the same.
- kiliantics 8y agothis is not in the spirit of the worker co-operative movement...
- fhood 8y agoHmm, maybe it is time for me to forgive them for their depiction of Darwin then.
- neves 8y agoBut that was pure gold: Darwin as a villain! Nobody ever represented Darwin this way. One of my heroes, and one of the greatest human minds as a cartoon bad guy. Genius!