S7 E12: Reimagined Economies
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Worker Ownership at Mondragon
- In Mondragon cooperatives, workers are owners and have a vote on decisions that affect them, including pay and profit distribution.
- This contrasts with typical capitalist corporations where workers are seen as expenses and owners prioritize capital over workers.
- Mondragon's structure ensures that no shareholders exist who aren't also workers at the company.
- The salary limit at Mondragon has a 6:1 ratio between the highest and lowest paid worker (currently around $20,000 to $120,000 annually) while in US companies, this ratio can be closer to 300:1.
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