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View Diary: Open thread for night owls: Stock market vs. labor market (95 comments)

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  •  Here's a radical idea (3+ / 0-)
    Recommended by:
    Eric Nelson, Odysseus, JeffW

    There are no profits, real or financialized, without the work that labor does. An army of clever robots might someday replace real people in most jobs, but we're not there yet, and until we are, labor should share in the revenue and profit that the organization they work for takes in, on a percentage basis--on top of a decent base salary. There should be a federal law mandating this.

    If you can't run a business or non-profit without sharing the bounty with the people who make it possible, then you have no place running it. Many firms already do this and are still viable, so don't give me any crap about how it would put companies out of business. Plus, it gives workers an incentive to make a firm as profitable as possible. It makes people better workers and likely pays for itself! This is an idea both sides should like, sold properly.

    Suddenly, asking "Would you like fries with that?" is no longer perfunctory, because it might net you a little more take home pay. No robot could ever be incentivized that way. Not even Mitt Romney.

    "Liberty without virtue would be no blessing to us" - Benjamin Rush, 1777

    by kovie on Fri Apr 05, 2013 at 10:13:18 PM PDT

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