Hacker News Reader

I always thought the same. Bargaining for some minimum amount of cash is important (food on the table, gas in the car, etc.).

But beyond that, meaningful equity in the hands of labor should surely be the goal — it aligns interest in a way that cash can’t.

If they could afford that they wouldn’t need jobs. They’d need to hire a bunch of new workers.

It would be interesting to see what happened when the shoe was on the other foot.

I'm surprised, I did a little digging and there are actually quite a few companies that are at least 50% employee owned[1]. The biggest company in the list is Publix Supermarkets, but there are also quite a few manufacturing and engineering firms.

[1] https://www.nceo.org/articles/employee-ownership-100

US unions are notoriously anticorporate, they generally despise the idea of stock based compensation.