Post
Topic
Board Economics
Re: How could wages in Bitcoin work?
by
niko
on 10/02/2013, 20:22:28 UTC
If a company makes btc profits only, workers can be entitled to a percent share of profits based on their position, hours worked, etc. Call it a co-op, an employee-owned company, or whatever you like. It would take some active involvement of everyone to manage things and renegotiate all pieces of cake when new hires are made or people quit, but there are historical examples where this worked (see worker self-management).
Bitcoin would further enhance things by providing necessary transparency and audit trail.

Example: majority of people involved decides to hire a new engineer. Everyone's share is reduced to accomodate for the new hire's sallary of 1.23% of the net profit. The net profit is expected to increase due to increased productivity, so everyone's happy.