Like I said, its like workers hold all the voting shares in the company, so these issues would resolved the same way that they are resolve in corporations owned by shareholders.
The rational action would be to adopt the new tech and instead of firing half of the workers, which is socially irrational due to the social costs of unemployment, dividing the remaining work among the existing workers. The extra time that each worker has could be used for producing something else
Like I said, its like workers hold all the voting shares in the company, so these issues would resolved the same way that they are resolve in corporations owned by shareholders.
You’re ignoring a key point I’m trying to make: The workers have a conflict of interest, unlike shareholders. The workers want to minimize their work and maximize their gain, which is mutually exclusive in one company. While shareholders in the current system just want to maximize their gain (regardless of whether that’s good or bad). So why would the worker strive to learn new things instead of keeping the status quo? Most people don’t see the big picture and don’t want to read a book to learn a new thing. How many people around you come from work and spend their evenings reading new things to stay up in their job? This is one problem.
Like I said before to another guy, if you keep dividing the extra without firing anyone, given a limited growth, eventually there won’t be enough money to go around. Everyone will go bankrupt. How do you solve that problem too?
Like I said, its like workers hold all the voting shares in the company, so these issues would resolved the same way that they are resolve in corporations owned by shareholders.
The rational action would be to adopt the new tech and instead of firing half of the workers, which is socially irrational due to the social costs of unemployment, dividing the remaining work among the existing workers. The extra time that each worker has could be used for producing something else
You’re ignoring a key point I’m trying to make: The workers have a conflict of interest, unlike shareholders. The workers want to minimize their work and maximize their gain, which is mutually exclusive in one company. While shareholders in the current system just want to maximize their gain (regardless of whether that’s good or bad). So why would the worker strive to learn new things instead of keeping the status quo? Most people don’t see the big picture and don’t want to read a book to learn a new thing. How many people around you come from work and spend their evenings reading new things to stay up in their job? This is one problem.
Like I said before to another guy, if you keep dividing the extra without firing anyone, given a limited growth, eventually there won’t be enough money to go around. Everyone will go bankrupt. How do you solve that problem too?