Commentary Archives - Commons Capitalism

Commentary

The Going Wage Is Not Necessarily a Fair Wage

Capitalism,Commentary,Enterprise Theory,Labor and Workplace 167

Reference code: C26-08 Why an employer and worker can agree on a wage that has already been shaped by employer labor-market power An employer offers a wage. A worker accepts it. Most people naturally assume that the agreement establishes a fair wage for the work. Modern research on labor monopsony...

Commons Capitalism Entities and Workers’ Cooperatives: Working Together for a Better Society

Commentary,Cooperatives,Governance and Structure 1105

Reference code: C25-01 Economist Richard Wolff has proposed replacing traditional corporations with workers’ cooperatives (“coops” for short). More specifically, he advocates for Workers’ Self-Directed Enterprises (WSDEs). These organizations aim to distribute wealth, particularly net profits...