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Instead of big execs running a company and giving themselves big bonuses it would be a company run by employees. The employees would on vote things such as raises and new ideas. New employees have to gain "citizenship" by studying company policies. A test would then be given on the policies as well
as skills or that specific job. Each department would vote on their specific test.
||Apart from the test, many cooperatives kind of work this way.
Are you familiar with existing worker-owned companies?