3 ms·

Can 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 ago
I 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 ago
A 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 ago
It 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...

alehul 8y ago

I 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 ago

A 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 ago

It 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...