Comment on Woolworths, Coles sued by ACCC for ‘misleading’ price drop claims
ryannathans@aussie.zone 1 week agoTheir definition sounds like too much work, would be better to pay someone to do the work
Comment on Woolworths, Coles sued by ACCC for ‘misleading’ price drop claims
ryannathans@aussie.zone 1 week agoTheir definition sounds like too much work, would be better to pay someone to do the work
Zagorath@aussie.zone 1 week ago
I get the joke, but actually…yes. A co-op doesn’t mean the people actually doing the work don’t get paid. It actually doesn’t even mean not-for-profit, just that the people profiting aren’t shareholders, but people who actually have a direct stake in the business. That can be a customer-owned co-op, supplier-owned, worker-owned, or some combination of those. Those groups would be the ones making any profit, in a for-profit co-op. And in a not-for-profit worker- or supplier-owned co-op, the workers (including the CEO) and suppliers still get paid—they’re just able to be paid more while selling goods for the same price, or paid the same while achieving a lower price, than a non-co-op business would.