In a conventional business, there is a strong built-in conflict between employees and management. Management, representing the owners, wants to minimize the cost of the employees (wages and benefits) and to maximize their contributions to profit. The employees (workers) want to maximize their wages and benefits, and to work under safe, satisfying conditions.

. . .

A promising way to deal with the conflict between workers and owners is to eliminate it altogether by making the workers the owners. A company of this type is called a worker co-op. Let's look at how such organizations operate, the successes, problems, and solutions. But first consider a partial step in that direction which is more common in the US.

Labels: economics

# posted by Squach : 7:27 PM   |