Originally posted by quackquack
Its ironic that in Wall Street and bank workers do often have equity -- they often get bonuses in stock or stock options -- yet you can't say enough bad things about them.
Nevertheless it seems extraordinarily doubtful that worker equity would be the trend. The reality is that the average workers in a factory is fairly uneducated and cannot make goo ...[text shortened]... roject will prefer it managed by someone who is educated rather than some high school drop out.
It is strange that when UAW workers bargain for "profit sharing" they never seem to participate in the loss side. That's a great deal, and probably a few smart executives have negotiated similar deals. Most of us have to take the downside if we want to participate in the upside.