[bruce511]

Firstly, I'm against wages that don't pay enough for people to live. Then again, I work in IT where we can charge enough to pay high wages.

Profit share is a complex topic because it's the upside of an equation. Not surprisingly most people want to be part of the upside to any equation. Unfortunately with every upside comes a downside.

So your concept of ownership is difficult because the upside is shared by many, but the downside is shared by a few.

Naturally you see, and remember, the upside of "Betty sold her business and made millions". You don't see, and don't remember the 19 Paul's who tried, failed, and lost for each successful Betty. Those downsides become invisible.

You pity the worker who sweats blood and tears, yet shares in none of the sale. And I agree that is a poor outcome. But that's balanced against a stable salary, and a lack of risk.

I guess what I'm saying is that you should be careful of seeing just one story - life tends to be a lot more nuanced and includes a lot more metrics than just financial outcomes. In the bigger picture you might find more risk, more work, more responsibilities.

Which is not to suggest at all that life is fair, or that there aren't bad employers (or bad employees.) It's easy to cherry-pick lots of examples on any part of the life continuum.

However, if all you want is a share of upside, when it exists, then there is an avenue open. And it doesn't even require your employment there. You can purchase these "shares" from any stock exchange, and you gave any number of successful businesses to choose from. So rather than focus on squeezing the place you eork, squeeze the places you don't.

[pylua]

These are deep insights that I appreciate.

I do feel like workers do take on risk, however. People invest their time in a company and can be arbitrarily let go. Years of domain knowledge they have invested that may not be transferable. The people laid off from the fast food franchise I mentioned are having a tough time finding new, relevant employment.

What do you think about companies like Publix and their stock buy in program ? Do you think that is feasible ?

[bruce511]

Employees don't invest their time, they sell it. It's a short-term transaction, I work, I get paid.

Owners invest their time, often get short-paid, late paid, or not paid at all. It's an investment because they are foregoing short-term returns in the hope that there's a long-term pot at the end.

Of course employees are exposed to some risk. Things outside their control, sometimes outside the owners control, happen and you lose your job. Short of working for govt there's no "can't get fired" job.

Sure companies can sell stock to employees. Personally I wouldn't recommend stock where you work (if the company goes under you lose your job and your savings at the same time ala Enron).

Companies can also give stock to employees. If it's not tradeable, then I'm not sure it's worth much. If it is tradeable, I'd sell it (see above.)

It might make employees -feel- different (which is why employers do it) and good feelings are very good for all concerned.