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by jasode
1133 days ago
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>Why cant the workers pool their available capital, [...] Tech workers are considered to be highly paid, The highly-paid workers can pool capital... if we're speaking in hypotheticals. The hypothetical tech workers can hypothetically pool their capital together to form a 100% worker-owned co-operative. On the other hand, my comments are explaining what real people have been doing in the real world. E.g. ex-Google employee Kevin Systrom didn't form Instagram as a workers co-op. And ex-Yahoo employees Jan Kuom and Brian Acton also didn't form WhatsApp as a workers co-op. They could have -- hypothetically -- but they didn't. (Those startups did have Incentive Stock Options but that's not the workers ownership people are thinking about when speaking of "workers co-op".) We can see that most ex-employees with access to money do not form co-ops. Why? The ex-employees-now-the-founders see no financial incentive to do so. The workers who actually _want_ co-ops are not the ones out there creating new companies. |
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