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  

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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 Democr...
Lonerbox’s video:
Capitalism and Worker Co-ops (With a ...
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