rbreich.bsky.social profile picture

Robert Reich @rbreich.bsky.social

"Call it democracy, or call it democratic socialism, but there must be a better distribution of wealth within this country for all God's children." —MLK Jr.

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  2. cws1958.bsky.social profile picture

    Bill @cws1958.bsky.social

    Japan is the lowest on the list and I think 11% is still too high because it's the people on the floor that do all the work and take all the injuries to make a few rich and consumerism is going to kill us because it's going to crash pretty soon because of the greedy rich CEOs

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  3. cooperatives.bsky.social profile picture

    The Cooperative Economy @cooperatives.bsky.social

    Ths kind of wealth concentration is not sustainable or just. It's time for more economic democracy. U.S. worker cooperatives, which are businesses democratically controlled by their workers, have a pay ratio of 2:1.

    Worker cooperatives are businesses that are collectively owned and democratically controlled by their workers. Worker Co-op Impact by the Numbers: People of color make up 56.8% of worker-owners, and people identifying as female make up 62.5% of the workforce at worker co-ops. Worker-owned co-ops are two-thirds more likely to succeed than the average U.S. company. Worker-owned co-ops enjoy 5% higher productivity levels than traditional businesses. Worker co-ops employ happier workers with a higher level of job satisfaction than traditional companies. Worker co-ops maintain a 2:1 pay ratio compared to the average ceo-to-worker pay ratio of 303:1. Annual employee turnover for worker co-ops is 15% compared with industry norms of 40-60%. https://ncbaclusa.coop/resources/abcs-of-cooperative-impact/abcs-of-worker-co-op-impact/
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