3 ms·
> 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 t
by 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