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The workers of course - most small to medium sized law firms are worker co-ops where new members 'buy a seat', effectively adding their share of the working cap
by Taniwha 7y ago
The workers of course - most small to medium sized law firms are worker co-ops where new members 'buy a seat', effectively adding their share of the working capital
- chongli 7y agoThat works well for law firms because law firms are built on human capital. How do you accomplish this with capital-intensive heavy industry such as automobile manufacturing? If your plant is worth a billion dollars and you have 1000 employees, do you charge a new worker ~$1 million to "buy their seat?" And if so, how do you prevent an outside investor from "sponsoring" the million-dollar buy-in for multiple employees, in exchange for a cut of their wages (in effect, duplicating the capitalism we have right now)? The above model situation is more-or-less identical to what you see with taxicab medallions in big cities like New York. There are taxicab companies who buy multiple medallions (at great cost) and rent them to drivers, contradicting our usual expectation that taxicab drivers are self-capitalized entrepreneurs.
- walshemj 7y agoAre they I though that was partnerships or really the v old guild mode. Anteing is a very Spanish mondragon thing I haven't heard of it in the UK
- dragonwriter 7y ago> most small to medium sized law firms are worker co-ops Really? Paralegals, secretaries etc. are equal full partners? A partnership of professionals with wage-labor support staff isn't a labor coop.
- Taniwha 7y agoYou're right of course - the partners however do work this way, mostly I was trying to point out that a worker coop is not a new thing, or necessarily a communist lefty thing - forms of it have long been part and parcel of business