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>Why cant the workers pool their available capital, [...] Tech workers are considered to be highly paid, The highly-paid workers can pool capital... if we're s
by jasode 3y ago
>Why cant the workers pool their available capital, [...] Tech workers are considered to be highly paid,
The highly-paid workers can pool capital... if we're speaking in hypotheticals. The hypothetical tech workers can hypothetically pool their capital together to form a 100% worker-owned co-operative.
On the other hand, my comments are explaining what real people have been doing in the real world. E.g. ex-Google employee Kevin Systrom didn't form Instagram as a workers co-op. And ex-Yahoo employees Jan Kuom and Brian Acton also didn't form WhatsApp as a workers co-op. They could have -- hypothetically -- but they didn't. (Those startups did have Incentive Stock Options but that's not the workers ownership people are thinking about when speaking of "workers co-op".)
We can see that most ex-employees with access to money do not form co-ops. Why? The ex-employees-now-the-founders see no financial incentive to do so.
The workers who actually _want_ co-ops are not the ones out there creating new companies.
- maerF0x0 3y agoThe coops i've seen, in practice, are mostly low capital required things. So your point does make sense. I've mostly seen coffee shops, bike/repair shops, breweries, some restaurants. These are both not capital intensive, and are pretty well commodified too unfortunately.
- WalterBright 3y agoHarry Hardworker is also not going to want to share his compensation equally with Dan Deadwood.