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Most people work within some kind of incorporated structure, as employees or contractors on hourly wages or salaries. Unless they're also invested in the corpo
by photochemsyn 5y ago
Most people work within some kind of incorporated structure, as employees or contractors on hourly wages or salaries. Unless they're also invested in the corporate structure, i.e. they're the providers of capital, they'll see no real benefit from the success of the business other than avoiding losing their job when the business crashes.
The solution is pretty obvious, and is fairly common in Germany at least: employees and investors must be viewed as equivalent stakeholders. This means worker organizations should have as many voting seats on corporate boards as the investor organizations providing the capital do. It's not one or the other - generally speaking, no workers means no business, and no capital also means no business. The result would be that profits get distributed equally to workers (as bonuses on top of wages/salary) and investors.
Otherwise it's the same problem as communist countries had: why work hard and be productive if you get the same reward for it as someone who sits around doing little or nothing? In response upper management will trot out lines like 'we're all a family here' and 'you should enjoy the pride and satisfaction of a job well done' and similar nonsense.