3 ms·
The usual relevant questions here are: 1) Are there externalized costs? 2) How much the value is actually created by owners vs other labor within the company?
by wwweston 4y ago
The usual relevant questions here are:
1) Are there externalized costs?
2) How much the value is actually created by owners vs other labor within the company?
3) Are all participants rewarded proportionally to the value they create, or is there a labor-value arbitrage going on?
One simplifying/ideological model attributes the company's existence essentially to the owners and posits therefore obviously they deserve all the value and/or that every employee is participating purely voluntarily and so whatever they agree to must necessarily be fair. Another only recognizes the labor theory of value and would find anything other than a coop immoral.