this post was submitted on 01 Jun 2024
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[–] refurbishedrefurbisher@lemmy.sdf.org 25 points 5 months ago* (last edited 5 months ago) (1 children)

Worker owned coops are already a thing in many parts of the world, so examples in the real world can already be used as models. It's not just a theoretical, "on paper" idea that has never been implemented before.

Being worker-owned does not necessarilly mean that everyone gets paid equally. What it means is that there is a democracy in the workplace. For example, imagine if your manager was elected by you and your coworkers instead of your manager deciding whether or not you get to work at your job. Also imagine if you were able to vote on wage increases for you and your coworkers (of course, taking company profits into account. Wages aren't going to appear out of thin air) based on the job position. Generally speaking, people are going to vote for higher wages for people who have a heavier workload/more responsibilities. Currently in non-worker-owned, publicly traded companies, wages are indirectly decided by a board of directors, who then elect the chief officers, and ultimately, who make the decisions for the company.

It feels like an idea that sounds nice until you consider the details of how it would actually work in real life. But I guess that's just socialism in general I guess.

Richard Wolff is a doctor and professor in economics and is an economic historian. He knows what he's talking about. I'd recommend watching one of his talks on his version of socialism, which you can find on YouTube. Here is one of his talks: https://www.youtube.com/watch?v=a1WUKahMm1s