this post was submitted on 10 Jul 2025
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Also it's not like the workers typically get the long tail of profits. Most labor is only paid a salary, and the "owners" get to keep profiting. Workers should be entitled to the profits of their labor.
How would you quantify ongoing projects where workers come and go and each of their specific contribution might not be easy to measure? Do they all also assume financial responsibility for any failures or lawsuits?
Probably some sort of collective ownership, profit sharing, with negotiation and consensus building. Other people more well read than me have spent a lot of time thinking about this. My starting position is that the standard capitalist model of "I pay you $10 to make a widget, and I sell it for $1000 and keep all the profits" is not okay.
Do the owners assume financial responsibility now? I think that's what LLCs and other corporate structures are for- to shield individuals from liability and responsibility.