3 ms·

Employee owned is pretty rare. There's some exceptions like where you're encouraged to buy your employer's stock to make them richer. There's a reason why a un

Employee owned is pretty rare. There's some exceptions like where you're encouraged to buy your employer's stock to make them richer. There's a reason why a union with a presumptive whole crew who could start a competitive business never ever does it. Nobody wants to be the owner.

cloudbonsai 2y ago
> Employee owned is pretty rare. A partnership is basically an employee-owned company, and it's a fairly common structure among law/financial firms. It works reasonably well. The catch is that your business should not require lots of capital to run.
datavirtue 2y ago
There is another word for it but "rare" is certainly not appropriate.
Matticus_Rex 2y ago
> "like where you're encouraged to buy your employer's stock to make them richer." That's not why companies incentivize employees to buy stock. Like, not even a little bit. The margin of difference that employees buying a little stock makes in "making them richer" is ~nil.
solardev 2y ago
> There's a reason why a union with a presumptive whole crew who could start a competitive business never ever does it. Nobody wants to be the owner. I think there's another reason: It's really hard for worker-owned cooperatives and ESOPs to raise capital, because by definition only their employees can be owners. If a bunch of unionized minimum-wage grocery store workers wanted to start their own grocery store, they could all pool their savings, but it wouldn't get them very far. Tech is one of the few sectors in which this might be able to happen (high-paid employees starting their own startup), but I guess culturally tech is too capitalist and too cutthroat and selfish (as in almost never civically minded) to make this common. Nonetheless there still are some: https://github.com/hng/tech-coops https://github.com/hng/tech-coops

3 ms·

Employee owned is pretty rare. There's some exceptions like where you're encouraged to buy your employer's stock to make them richer. There's a reason why a un

by incomingpain 2y ago

cloudbonsai 2y ago
> Employee owned is pretty rare. A partnership is basically an employee-owned company, and it's a fairly common structure among law/financial firms. It works reasonably well. The catch is that your business should not require lots of capital to run.
datavirtue 2y ago
There is another word for it but "rare" is certainly not appropriate.
Matticus_Rex 2y ago
> "like where you're encouraged to buy your employer's stock to make them richer." That's not why companies incentivize employees to buy stock. Like, not even a little bit. The margin of difference that employees buying a little stock makes in "making them richer" is ~nil.
solardev 2y ago
> There's a reason why a union with a presumptive whole crew who could start a competitive business never ever does it. Nobody wants to be the owner. I think there's another reason: It's really hard for worker-owned cooperatives and ESOPs to raise capital, because by definition only their employees can be owners. If a bunch of unionized minimum-wage grocery store workers wanted to start their own grocery store, they could all pool their savings, but it wouldn't get them very far. Tech is one of the few sectors in which this might be able to happen (high-paid employees starting their own startup), but I guess culturally tech is too capitalist and too cutthroat and selfish (as in almost never civically minded) to make this common. Nonetheless there still are some: https://github.com/hng/tech-coops https://github.com/hng/tech-coops