Comment Codetermination or putting workers on boards. (Score 1) 810
Why not something more pragmatic, which would -in effect- result in the desired outcome? The goal is ostensibly greater representation and prominence of disadvantaged classes of persons. This implementation of a solution is arbitrary and largely naive.
However, one should look at "codetermination" as a much more practical solution. Defined thus:
"A concept that involves the right of workers to participate in management of the companies they work for. The law allows workers to elect representatives (usually trade union representatives) for almost half of the supervisory board of directors. It applies to public and private companies."
On its practical efficacy:
"Economists in the past four decades have produced a large literature trying to determine the effects that codetermination has had on the German economy, and while the results are mixed, more often than not, studies find that codetermination and “works councils” lead to higher wages, less short-termism, greater productivity, even higher levels of income equality (see here for a good overview of recent research). They may, however, reduce profitability and lower returns for shareholders, suggesting they lead to a shift in both power and corporate earnings away from shareholders and toward workers."
Dylan Matthews. (2018) Workers don’t have much say in corporations. Why not give them seats on the board? - Vox. Retrieved October 14, 2018, from https://www.vox.com/2018/4/6/1...
However, one should look at "codetermination" as a much more practical solution. Defined thus:
"A concept that involves the right of workers to participate in management of the companies they work for. The law allows workers to elect representatives (usually trade union representatives) for almost half of the supervisory board of directors. It applies to public and private companies."
On its practical efficacy:
"Economists in the past four decades have produced a large literature trying to determine the effects that codetermination has had on the German economy, and while the results are mixed, more often than not, studies find that codetermination and “works councils” lead to higher wages, less short-termism, greater productivity, even higher levels of income equality (see here for a good overview of recent research). They may, however, reduce profitability and lower returns for shareholders, suggesting they lead to a shift in both power and corporate earnings away from shareholders and toward workers."
Dylan Matthews. (2018) Workers don’t have much say in corporations. Why not give them seats on the board? - Vox. Retrieved October 14, 2018, from https://www.vox.com/2018/4/6/1...
