3 ms·
I think I read some compromise position years ago where the workers didnt just own the business, but the business would issue new bonds/shares every year based
by protocolture 2y ago
I think I read some compromise position years ago where the workers didnt just own the business, but the business would issue new bonds/shares every year based on effort put in.
The problem with traditional worker owned businesses is that you assume that being a shareholder would incentivize work, but it turns often enough into a race for the least effort while still getting paid. A classic coop failure mode.
If share of profit is proportional to effort every 12 months you eliminate that.
That said, I cbf reading the article. Sorry but at least I am honest.