This is nice in theory. What do you think happens in practice? People have two primary motivations for starting businesses. Money and independence. For the half

This is nice in theory. What do you think happens in practice? People have two primary motivations for starting businesses. Money and independence. For the half that value independence, they will not hire people and all their businesses will remain lifestyle businesses. I actually don't think it's nice in theory either btw. How does employee control benefit society at large? It only benefits employees. Employees will just pay themselves as much as they can for the least amount of work possible. It's the same reason price controls on housing are dumb. It just creates an entrenched class of individuals. If adding more employees to the business means the employee share of profit shrinks, they will just hire less.