Comment on The salaries of Wikimedia executives are sparking an online debate about tech sector wages

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Touching_Grass@lemmy.world ⁨11⁩ ⁨months⁩ ago

Look up mondragon Spain. Its a town in Spain whose economy was struggling after WWII. They turned it around by adopting a cooperative business model. This means all employees are owners. So all employees get to vote how the company operates. Essentially executives work for share holders right. With cooperatives, the share holders are partially employees creating this business oroboro where your boss and their boss have an interest in keeping you Happy as an employee. And as employees you’re invested in keeping the company profitable. They have voted on rules like the CEO pay is tied to the lowest salary in the company. It can never be more than X amount of the lowest salary. If the want it to raise they have to increase all salaries in the company first.

They don’t get filthy stinking rich. But what they have shown is that the people living there score happier than others. They also show that they are economically more resilient. For close to a 100 years they have with stood lots of recessions and economic down turns.

theguardian.com/…/mondragon-spains-giant-cooperat…

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