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Catalyzing worker co-ops & the solidarity economy

Do worker cooperatives pay a price for equality?

One of the benefits of worker-owned businesses is that they tend to pay people more equally; the lowest wages and the highest wages in a typical worker-owned business are nearer to each other than the lowest and highest wages in a typical capitalist firm. Income and wealth inequality are poisonous, tearing apart the very fabric of our democratic societies, and globally, these problems are only getting worse, so a more egalitarian wage structure is one of the most important reasons to support the development and expansion of the cooperative economy.

But do worker cooperatives pay any price (in productivity or longevity) for having a more equal wage structure?

Read the rest at The Socialist Entrepreneur

 

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