this post was submitted on 24 Oct 2024
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Economy

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What did people do with the extra time they got from working less? In short, the answer is, they relaxed.

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[–] jlou@mastodon.social 1 points 2 weeks ago

The arguments for worker coops are based on liberal economics (https://www.ellerman.org/inalienable-rights-part-i-the-basic-argument/). To summarize, the workers are jointly de facto responsible for using up inputs to produce outputs, so by the norm that legal and de facto responsibility should match, they should be assigned the whole product of the firm. Anything else would be unjust.

Equal votes doesn't mean equal pay. Workers can divide the pie however they prefer. In existing worker coops, not everyone gets paid the same.

@economy