this post was submitted on 10 Jun 2024
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It's more that investing in the place you work sucks because you know how shit of an investment it is. Most people would rather own shares in the s&p500 than their place of work.
Investment Capital should not be a prerequisite for workers to own their means of production.
I just think production machinery should be properly lubricated. You types always talk about it seizing.
So they should just be made responsible for tens of thousands of dollars worth of equipment because they worked there for a week.
Yes workplaces should be a democracy, not the dictatorships that they currently are.
What does a democratic workplace look like? I've seen it work on a small scale but I can't see how having people voting on the direction of the company has any value when their job is not relevant to making those decisions.
The democracy comes in the form of shareholders. If you want a say in the company you must purchase part of the company and then you get a vote.
Nobody said anything like that. Keep straw-manning I guess?
It's not a prerequisite. It's just an option that's available to anyone who wants to own part of a publicly traded company. If you want to own it in the traditional sense go be a tradie plenty of tradies run their own operations.
And yet the C-level doesn't mind being paid in shares.
I think thats for the following reasons. Because the c manager understands the value of investment long term and they believe they can impact the company in a positive way. They also likely have more disposable income.
A factory line worker has very little control over the performance of the company. He wants his weekly pay to be in full cash and that's it because he either has less disposable income or doesnt understand the value of investment.
If the line worker wants to invest he would likely invest in another company than his own unless his company was preforming exceptionally well.
If workers were the owners they would also have decision-making power.
This isn't just about stock options, ownership in a holistic sense involves control.