Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/223680 
Year of Publication: 
2020
Series/Report no.: 
IZA Discussion Papers No. 13238
Publisher: 
Institute of Labor Economics (IZA), Bonn
Abstract: 
Modern economies deprive workers of natural democratic rights and any share of the surplus they produce, with most of the benefits of growth appropriated by capital owners. Worker wellbeing and job satisfaction are ignored unless they contribute directly to profitability, while precarious employment and underemployment, with stagnant or declining real wages, have persisted over four decades, despite recent low official unemployment. For economic democracy and social justice, we propose redistributive tax and welfare reform, extended codetermination, subsidised profit sharing and employee buyouts.
Subjects: 
economic democracy
participation
co-determination
profit sharing
employee ownership
JEL: 
H
P
Document Type: 
Working Paper

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