politics
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Personal anecdote. I run a small business with a business partner (co-owner) and we have no employees. We need an employee. I'm personally a huge fan of employee-owned companies.
But from a hiring perspective, it is mind bogglingly risky for us to hire someone and just automatically stake them. Like, what if it's the wrong person? How do we claw back control? Do we risk dilution sending the company in another direction?
It's just so much easier just to pay someone and not have to deal with the complexity. And therein lies the rub.
I worked at a place that rolled out employee ownership after they were like 250 people. If you can't offer ownership right away, you can offer a decent profit share (requires some amount of financial transparency to help communicate the value to the employee).
But the founders are the ones risking their capital to start the business. This sounds like socialize the gain, privatize the losses.
The founders can hold more or all non-voting preferred stock in the worker coop to represent their larger stake and investment. They can also use a separate corporation, which only the founders own, with no employees to hold their capital and then lease it the worker coop
@politics
I don't think that works unless it is dissolved and the shares distributed when the initial investment is recouped (with reasonable interest). And that value would have to be reasonable and fixed at the outset.
Otherwise, the capital class seems to have the same motivation to grow that value at all costs in perpetuity the same way they do today. Taken to a cynical conclusion, your suggestion reminds me of the situation with red lobster (and local hospitals, etc) where VC buys the company, sells the assets (to themselves at grossly undervalued rates presumably to payoff debts owed by the company), and leases them back.
If the labor class doesn't have the ownership stake in the capital investment (including any IP), it seems to violate the very basic principles presented.