Disadvantages of working for a worker-owned firm

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Question 1: What do you see as the advantages and disadvantages of working for a worker-owned firm?

Question 2: Since there are no hierarchies in worker-owned firms, how would you go about setting the pay scale for people, especially over time? Since there is no hierarchy, there is no way of moving up in the firm. How do you motivate people in such conditions?

Question 3: A worker-owned firm is a radical way of empowering workers. What is the advantage of empowering workers in the first place?

Reference no: EM133265129

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