this post was submitted on 27 Jan 2025
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It depends on the form of employee ownership as to whether it works out for the employees.
In trucking, the industry uses the owner-operator model as a way to push costs onto employees and skirt labor laws. On paper, the truckers are their own bosses. In reality, they are effectively employees of logistics companies where the logistics companies can pay their employees less than minimum wage and push maintenance costs onto their employees.
In this case, ownership is used as a tool of oppression.
Yup, don't be sole owner if you can't afford a lawyer to make sure you get a good deal