I know the usual arguments relating to company profits. Owners have invested the money, but employees have invested their time and energy. I wonder if there should be some kind of minimum percentage of employee profit sharing amongst all employees. This would be shared equally between employees on a full time equivalent basis. Maybe start at 10% and see how it goes.
Companies would obviously be able to offer a higher percentage to attract talent.
Just a random thought reall, what do you think?
Once upon a time the UK had near 100% employment and there were “captains of industry” who had factories that employed entire towns.
These were removed by the stock markets that bought 51% of the companies and stripped them out and fired everyone. This led to the rise in power of the unions then thatcher and the rest is history.
But seeing interviews with these people you saw that they had sense of duty to their workers because they were their workers in their town.
We now have nowhere people running nowhere corporations who would fire employees to make their lives easier.
This disconnect from the workers and area, and the shareholders I believe is a major issue that you have also picked up on. Greed over duty is the core issue.
I have my own policy below on a way to tackle this:
But as far as this suggestion goes I have no issue with it in principle. Personally I think that if this was done by the government through a corporation tax incentive.
Say instead of 25% corporation tax if you transfer 4% of your profit to the workforce you are only charged 20%. or something similar, literally incentivise a Noblesse oblige on the owners.
