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"We have flight attendants who are struggling to make ends meet while our CEOs are on private jets," said one union leader. "We want some respect shown in the contract."
There was a time when United was employee owned. What happened?
Capitalism
The more precise issue imo is „work mandate“. We overproduce by a huge margin just to „give people work“ which they dont actually need.
If we stopped producing shit that is not necessary, just a tiny fraction of humanity would need to work for everyone to have food.
In so many instances employee owned does not mean what it says. It can be as little as each employee getting one nonvoting share.
Probably a bankruptcy.