this post was submitted on 11 Aug 2023
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[–] ChairmanMew@lemmy.world 6 points 1 year ago (2 children)

True. What we need is to remove the underlying problem, which is the profit motive to overcharge and underpay. That is, democratic worker-owned companies, answerable to employees instead of shareholders

[–] Cleverdawny@lemm.ee 1 points 1 year ago (1 children)

Those companies exist but are generally not competitive in terms of the product delivered to the consumer, largely because of a lack of ability to adapt to serve the needs of the market. They're focused on their employees instead of their businesses and end up getting outcompeted for a variety of reasons.

[–] quicksand@lemmy.world 3 points 1 year ago (1 children)

Except for Winco. Everyone I know loves Winco

[–] Cleverdawny@lemm.ee 2 points 1 year ago

WinCo is mostly employee owned but is run as a privately held business by its board of directors, not the workers. It's run like a normal company, more or less, although employee ownership does mean employees have more of a voice when it comes to business decisions.