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Alvarado is organized as a worker cooperative and each employee receives one share in the cooperative. The shares grant each employees an equal vote on business matters, including employee benefits, salaries and the reinvestment of profits.[2] As of 2009, more than half of the employees had been with the company for over 15 years and the average worker earned between $65,000 and $70,000 a year.[2]
originally posted by: CoherentlyConfused
a reply to: jajaja
Or more companies could follow the business model of this one:
Alvarado Street Bakery
Wiki Article
Alvarado is organized as a worker cooperative and each employee receives one share in the cooperative. The shares grant each employees an equal vote on business matters, including employee benefits, salaries and the reinvestment of profits.[2] As of 2009, more than half of the employees had been with the company for over 15 years and the average worker earned between $65,000 and $70,000 a year.[2]
I remember seeing something about this company a while ago. Great idea and it would be nice if more companies worked this way.
Ah your obviously talking about small business and yes they would need to be handled a bit differently. For one the owner could establish a fair salary for himself for his extra hours and for rewarding his intelligence and fortitude in being a business owner and still rake much of the profits. I am mostly talking about the well established large traded companies.
originally posted by: jajaja
What you are describing is forced employees to be shareholders and part ownership, well, that also has a downside if they start being shareholders of a specific % ownership, well, they also have to accept the corporate responsibility of bad employees and bad decisions and possible corporate fraud cases and possible corporate negligence, make them also have to pay for corporate liability insurances and also health and safety costs, and claims, well, sure you want to be a big shareholder?
Start your own business, see how it goes for you
Not all businesses are run by a fat cat sipping tea and whiskey every day whilst signing forms and everybody doing work, it takes a LOT of time and effort and headache to start and run a business, and more to be successful. Whilst employees go home at the end of their day, the owner often has to keep working longer. You need an eyeopener.
originally posted by: MysterX
a reply to: WanDash
Contracting out has to be the worst thing that has ever happened to the public sector..ever.
Hospitals, councils, all use contractors..and the standards went through the floor.
And i say this as someone who has worked most of my working life AS a contractor in the telecommunications and IT sector...so i would know.
originally posted by: Montana
I do not like it when people stuff all employers into one category by saying "businesses" need to be forced to do this or that. There are major differences between large and small businesses, and the problem isn't with the smaller variety but those that are larger.
Why is this? Well, in my opinion it is because the relationship between the owners and employees in a small business is still mostly personal. Everyone knows the other's name. They see them in town, go to the same sports events, drive the same roads. They are people not objects to each other. Most employees are well treated in small business, and the smart small-businessman listens to what they have to say. Your plan would not work in this case, mostly because all available income is already spoken for. Oh, and if a business has 500 employees it is no longer a "small business". Lets bring that number down to around 100.
Large businesses on the other hand listen only to the investors. Employees are objects. The board of directors not only does not feel any kinship with the employees, it feels no obligation towards them either. Employees are just numbers in a spreadsheet, expenses on a report given the same weight of concern as garbage disposal and toilet paper. Expenses to be controlled and manipulated. Your plan COULD work here, as most profit is seen as something to be hidden or disguised so it will not be taken by someone else before it can be used to leverage a promotion or raise.
Our problem in the current economic climate is not one with "business" as a whole. Our problem is with large corporations. We need to bring large business back to the reality that people are more important that numbers. We also need to make board members and senior managers PERSONALLY responsible for the actions or inactions of the company. They need have personal responsibility for what the corporation does or does not do. If a corporation pollutes a water, the board goes to jail. If delivery trucks are not maintained and cause accidents the senior managers need to go to prison. The only way to make corporations act responsibly is to demand responsibility.
originally posted by: Hoosierdaddy71
So you want to take away half the return on the money I invest in a company...so why would I bother investing in the company then?
originally posted by: MysterX
originally posted by: Hoosierdaddy71
So you want to take away half the return on the money I invest in a company...so why would I bother investing in the company then?
For half the return on the investment of course..or because you like the company, respect the corporation and its business practices, think what they are doing is good for society / will be good for society...oh..right...i see, you're only interested in as much financial reward as possible...got it.
You could always just invest half of what you would have invested...half the return on half the investment would be equal to the full investment then wouldn't it.
Sorted the world out and it's not even 20:00 Hrs....yippeee!