4/4/2024 0 Comments Worker cooperative examples![]() Yet, over the last thirty years CEOs have faced extreme pressure to maximize returns to shareholders, capitalizing on outsourcing and the mechanization of production to boost efficiency. They argue that burdening the companies we look to for job creation is a short-sighted strategy that leaves us worse off when businesses head to lower-tax jurisdictions.Ĭertainly, we do rely on companies to provide the jobs we need. Conservatives, meanwhile, vehemently oppose such an approach. The major proposal for curbing inequality among many progressive politicians is for the government to raise taxes on the wealthy. While representatives on both the left and the right acknowledge the problem, they diverge on solutions. In a 2013 White House address, President Obama called economic inequality the “defining challenge of our time,” and even Republicans now criticize such inequity. Responding to this disparity, a small but growing number of laborers are forgoing work in traditional businesses and investing in an alternative model: the worker cooperative. Yet, in modern America, CEOs and other elites can earn up to 600 times the wages of their lowest-paid employees. The ancient Greek philosopher Plato argued that in order for a democratic society to function properly, the wealthiest members should never be more than five times as rich as its poorest. This piece appeared in our 2016 print journal. ![]()
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