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Discussion (26 Comments)Read Original on HackerNews
I’ve owned company stock and I’ve never noticed a situation where the employees owned enough to make a difference in how the company operates.
The only exception being a company designed to be employee owned…
It has to be proportional to the amount of contribution poeple are doing instead of being proportional to how much already they have. Or at least the slider needs to be moved toward that direction.
So wages need to be higher (taxed less) and wealth should be taxed to force asset prices down. Giving people stock obviosly does none of these things. It ties wealth more to assets (stocks) so it will make stock (asset) prices higher which means working people will get poorer compared to richer people.
It should be possible to do a decrease in wage (concrete income) tax by putting a tax on wealth in a resonable way. This can also be balanced for older people by boosting pension payment in a way so they don't get overly effected by this in case they have all their money on their home.
This seems like an eggs in one basket situation.
We get ESOP shares as well as 401K match; double the retirement.
Will it ever get done? I wouldn’t hold my breath. “It’s easier to imagine the end of the world than the end of capitalism.”
As another comment in this thread says, just push wages up. That’s a short term fix that would pay off immediately for workers broadly.
Tripling US union membership would shift $1.2T to workers annually - https://www.theguardian.com/us-news/2026/jul/15/union-member... - July 15th, 2026
The case for tripling union membership - https://www.epi.org/publication/the-case-for-tripling-union-... - July 15th, 2026
Manufacturing in the US has increased due to tariffs, but not manufacturing jobs [3] [4] [5]. Unionize all jobs, that's the point and how to get to living wages and better working conditions, because while some jobs can be outsourced, most on US soil cannot be.
[1] Ember Energy: China Cleantech Exports Data Explorer - https://ember-energy.org/data/china-cleantech-exports-data-e... (updated monthly)
[2] https://news.ycombinator.com/item?id=47680794 (citations)
[3] US manufacturing jobs fall at fastest rate since the pandemic - https://news.ycombinator.com/item?id=48647324 - June 2026 (2 comments)
[4] The manufacturing sector is growing, but isn't adding jobs - https://www.marketplace.org/story/2026/06/01/the-manufacturi... - June 1st, 2026
> “(They’re saying) we’re not being allowed to backfill people that are leaving, and it’s getting really, really hard for those remaining,” she said.
> The uptick in manufacturing is at least good for workers’ paychecks, but not so great for those looking to get hired, said labor economist Alí Bustamante at the University of New Orleans.
> “We’re seeing a jobless manufacturing rebound,” Bustamante said. “A lot of firms, they’re investing more in machines, more in overtime, expanding shifts. And we are probably going to see that in higher productivity per worker.”
> Remember, Trump’s tariffs were supposed to give domestic producers a competitive edge — leading to reshoring and more manufacturing jobs. Bustamante said that hasn’t happened.
> “The first year and a half of these tariffs during the second Trump administration, we can say pretty unequivocally there hasn’t been an employment rebound in manufacturing,” he said.
[5] A check-in on manufacturing jobs, one year since Trump's tariffs - https://www.marketplace.org/story/2026/04/01/how-trumps-tari... - April 1st, 2026
(if you are beholden to the benevolence of companies to improve worker wages or conditions, you are going to be very sad; they will maximize for profits and productivity, whenever possible)
Well except that Mark Cuban is out here proposing the first steps towards the end of capitalism, namely collective worker ownership of the means of production, so I think that rather than quote Mark Fisher all over again, we have to understand why today's capitalist class are suddenly proving rhetorically amenable to certain steps towards socialism.
There is something in between that would be enough to survive, with small UBI, universal healthcare, and guaranteed housing.
Google says: "at the 100 publicly traded U.S. companies with the lowest median worker pay, this ratio (CEO to worker pay) is much higher, averaging 632 to 1.
Also: "From 1978 to 2024, inflation-adjusted CEO pay grew over 1,094%, while typical worker compensation increased by only 26%"