Chapter
Worker Controlled Firms and the Importance of Benchmarking
A firm needs to be innovative and productive in order to compete in the market, regardless of the wages it pays its workers. The union can collectively bargain to increase wages, but the focus should be on long-term success rather than immediate gains.
Clips
This podcast discusses the importance of benchmarking at worker controlled firms to ensure that workers are not self-exploiting themselves or making decisions that prioritize short-term market gains at the expense of long-term investment.
1:18:08 - 1:28:14 (10:05)
Summary
This podcast discusses the importance of benchmarking at worker controlled firms to ensure that workers are not self-exploiting themselves or making decisions that prioritize short-term market gains at the expense of long-term investment. Additionally, it emphasizes the need for firms to innovate and compete rather than rely on external support or biases towards certain individuals or groups.