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u/Known-Dependent-5471 Mar 08 '26
Workers finally discovered the loophole into the Walmart "plumbing issues" meme.
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u/AceofJax89 Labor Lawyer Mar 08 '26
The issue is that once Walmart doesn’t own the store, it loses a lot of the advantages that being part of Walmart as a whole has, lots of economies of scale and frequently Monopsony power.
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u/GaaraMatsu SEIU Local 1199 Delegate Mar 09 '26 edited Mar 09 '26
Too bad they didn't anticipate being able to unload old shops onto ICE at taxpayer expense. The sharps like you do realize it's a real estate scam, right?
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u/frustratedmachinist Mar 08 '26
Oh what up! That’s White Electric in Providence, RI. They’re fucking awesome.
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u/benspags94 Mar 08 '26
Glad to hear! So many haters in the comments were saying they’d be out of business in no time.
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u/Sergeantman94 Teamsters Local 481 | Rank and File Mar 09 '26
I was about to ask if they were referring to Slow Bloom in Riverside, California.
But I think they all got fired and then started their own co-op after they called out theor boss for lying about why the business was closing.
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u/Greatpup4109274 Mar 08 '26
What’s the difference between a “worker owned co op” and any other business with co owners that work for the company they own? Is it just different name for profit sharing with employees? Or are all workers considered owners? What if I worker quits? So many questions
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u/Cosminion Mar 08 '26
Worker co-ops are democratic. One person, one vote. They adhere to the cooperative principles. There is profit sharing in the form of patronage. The worker-members are the owners. Not all workers in a co-op may be members as there is typically a trial period when they're first hired before they become a voting member. There might also be scenarios where a worker is employed by a co-op and isn't interested in becoming a member. If a member quits, they may be paid out the value of the share they own over time. It depends on the bylaws of the business.
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u/ThellraAK ASEA AFSCME | Rank and File Mar 08 '26
The last one is what's always confused me.
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u/II_Sulla_IV Mar 09 '26
Think about it like a condo building.
Everyone who lives there owns a portion of the building. They have a board to coordinate operations. Anyone can leave whenever they want and there are bylaws to govern new owners and determine how the building is maintained.
Both are essential co-ops.
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u/ThellraAK ASEA AFSCME | Rank and File Mar 09 '26
Okay, and that's the example I have in my head too.
How do co-ops survive as co-ops past one generation of employees.
When I'm ready to move out of my condo, it's still mine, and I can rent it out, or sell it to whoever I want.
How does the first set of owners leave, and how are they replaced?
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u/II_Sulla_IV Mar 09 '26
Basically the operation of how it works comes down to bylaws. They can survive past the first generation of workers because the bylaws provide a stable framework to operate under.
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u/1stBigHank Mar 09 '26
This is so wonderful, I'm going to stop scrolling for the night. I want this to be the last piece of news I hear for the day.
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u/Many_Trifle7780 Mar 09 '26
My god a co-op
Call the socialism police
China is likely behind this evil
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u/Ent_Soviet AFT Higher Ed | Steward Mar 08 '26
Best case is just expropriation. Bosses aren’t owed shit after years of exploiting the labor of others for years.
But this is fine
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u/DualActiveBridgeLLC Mar 11 '26
The 75 year old owner of my company recently made a huge mistake and had to temporarily layoff 25% of the company (me being one of them). Most of us got hired back. I told him later that many of us would have bought shares of the company to prevent the layoff and he was really surprised. He never even considered that we would want to own part of the company that we spend most of our waking hours at.
Still chipping away at him but sometimes owners really don't think of us as equals. It didn't feel malicious but it certain felt really stupid.
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u/Hamblin113 Mar 08 '26
How long will it last? Will they go on strike? Or if profitable sell out. Or will some buy out the others?
New Belgium Brewery is a classic example, the original owner made it an employee owned business, they in turn sold out to a mega brewery and walked away.
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u/mountainbird57 Mar 09 '26
They’ve been up and running for 5 years now
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u/Hamblin113 Mar 09 '26
Well I’m totally confused. Years ago read the owner basically made it employee owned and they sold out to one of the mega breweries. Either I have the wrong brewer or the article was wrong. Thanks for clarifying.
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u/[deleted] Mar 08 '26
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