A distraction from the election: The case for employee-owned companies

https://www.pbs.org/newshour/economy/column-the-case-for-employee-owned-companies

“Ellerman has for years made an argument as startling as it is hard to refute: “the labor theory of property.” It’s that employees should own the firms they work for because of very simple logic: If they’re responsible for the consequences of their actions while on the job — committing a crime, say — how can it be that they’re not responsible for the positive things they do?”

@politics

  • Troy
    3·
    15 days ago

    The legal and administrative overhead to do all of that would incur significant additional costs. We shall see.

    • Twista713@lemmy.world
      2·
      15 days ago

      If they don’t already exist, it sounds like a niche need for a third-party company that has some preset templates of different options? Add a lawyer and some legal aid and could be very helpful for the system.

    • wolfpack86@lemmy.world
      2·
      15 days ago

      Originally started typing something to a completely different post. Whoops.

      But yes, that becomes the challenge when deciding to stake employees versus a simple profit share.

      Staking employees gives them longer term incentives, whereas profit sharing will be fundamentally a sales commission.