Question

Assignment:

Watch the following PBS Newshour video that details the New Belgium Brewery Company which is owned by its workers:

http://www.pbs.org/newshour/bb/brewery-workers-pour-hearts-business-given-stake/ (Links to an external site.)Links to an external site.

2. Write about some of the deleterious effects of modern corporations such as pollution, worker degradation, income inequality, etc., and analyze whether or not worker ownership would solve, worsen, or leave unchanged any of the problems that are associated with traditional workplaces.

Answer 1

Worker ownership will definitely help in reducing income inequality as the company stock is spread over to its employees .The workers have an incentive to perform well and get better pensions paid out to them or to sell the stock at a higher price,at the point of time of leaving the organisation.There is much better accountability of the firm's performance .Workers are also getting trained in a much better manner.For example the video shares that the earlier owner is taking classes of the owner to read income statements,profit and loss and cash flow statements etc.The workers are hence better able to manage the same amount of money which they were making earlier with the renewed knowledge.