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Worker Democracy

An overview of the evidence surrounding worker democracy. In summary: it's good, but far from perfect. Hope you enjoy the video and the new animations. Chapters: 0:00 Intro 2:21 What is Worker Democracy? 8:45 Myths and Realities 17:37 A Critical Appraisal 29:08 Good for Workers 38:56 Defending Worker Democracy 51:18 Conclusion Those beautiful voices you are hearing are @Saint Andrewism , @Zoe Bee , and @JohntheDuncan My Patreon:   / unlearneconomics   My Twitter:   / unlearnecon   The Discord:   / discord   Reddit:   / unlearningeconomics   Produced by Hobbie Stuart Animations by Grim Friberg Artwork by Jacob Cob © 2021 Unlearning Economics I am an academic economist from the UK who has long been critical of the economics profession and how economics is used in public policy. Mostly the channel will cover economics with a critical perspective but I aim to educate people about economics in the process, so I'll try to explain key concepts and ideas along the way. That way, even if you disagree with aspects of the videos you will hopefully learn something from them. Subscribe for more! References (in rough order of appearance): Productivity in cooperatives and worker-owned enterprises, Logue & Yates Equality Under Threat by The Talented: Evidence From Worker-Managed Firms, Burdín Do Broad-based Employee Ownership, Profit Sharing and Stock Options Help the Best Firms Do Even Better?, Blasi et al The empirical performance of orthodox models of the firm: Conventional firms and worker cooperatives, Pencavel & Craig Wages, Employment, And Capital in Capitalist and Worker-Owned Firms, Pencavel et al New evidence on wages and employment in worker cooperatives compared with capitalist firms, Burdín & Dean Employee Vs. Conventionally Owned and Controlled Firms: An Experimental Analysis, Frohlich et al Workplace Democracy in the Lab, Mellizo et al Do cooperative enterprises create social trust?, Sabatini et al Survival Rate of Co-operatives in Québec, OCA Co-op Survival Rates in Alberta, Stringham & Lee Co-op Survival Rates in British Columbia, Murray The Relative Survival of Worker Cooperatives and Barriers to Their Creation, Olsen Scale, Scope and Survival: A Comparison of Cooperative and Capitalist Modes of Production, Monteiro & Stewart Productivity, Capital and Labor in Labor-Managed and Conventional Firms, FakhFakh et al Are Cooperatives More Productive Than Investor-Owned Firms? Cross-Industry Evidence From Portugal, Monteiro & Straume Shadow price of capital and the Furubotn–Pejovich effect: Some empirical evidence for Italian wine cooperatives, Maietta & Sena Trust, Inequality and The Size of The Co-Operative Sector: Cross-Country Evidence, Jones & Kalmi Shared Capitalism at Work: Employee Ownership, Profit and Gain Sharing, and Broad-based Stock Options, Kruse et al Analysing the Values and Limitations of Cooperative Firms, Rose Wrist https://docs.google.com/document/d/1S... Full Undercover Boss episode:    • undercover boss   The Use of Knowledge in Society, Hayek Seeing Like a State, Scott Worker Cooperatives: Good, Sustainable Jobs in the Community, Pérotin The Italian Region Where Co-ops Produce a Third of Its GDP: https://www.yesmagazine.org/economy/2... The Marcora Law Supporting Worker Buyouts for Thirty Years, International Cooperative Alliance https://www.ica.coop/en/media/news/ma... Second Thought’s video:    • Worker Cooperatives: Expanding Democracy I...   Lonerbox’s video:    • Capitalism and Worker Co-ops (With a Respo...   Worker Cooperatives: Pathways to Scale, Abell Employee ownership and firm performance: a meta-analysis, Boyle et al Employee Stock Ownership, Involvement, And Productivity: An Interaction-Based Approach, Pendleton & Robinson Employees to be handed stake in firms under Labour plan: https://www.theguardian.com/politics/... What do we really know about worker co-operatives?, Pérotin Evaluating Workplace Democracy in Mondragon, Christiansen Spanish CEO to worker pay: https://www.statista.com/statistics/4... Board-level employee representation rights in Europe: Facts and trends, Conchon Labor in the Boardroom, Jäger et al Voice at Work, Harju et al The Marx Ratio and the Trouble with Coops, Bruenig https://www.peoplespolicyproject.org/... From Illyria towards Capitalism: Did Labour-Management Theory Teach Us Anything about Yugoslavia and Transition in Its Successor States?, Estrin & Uvalic Market Entry of Firms with Different Legal Forms, Arando et al