You really should check your facts. Their website says they are for profit. They even post their balance sheets. I’ll believe them, not you. Also, 5:1 is the average, not the max; 9:1 is the highest currentl
Maybe you can provide a link… because all I can see is that they post profits, which are reinvested into the company, its members, or the local community, typical of a not-for-profit (as opposed to a non-profit) organization. Again, this is to be expected in a model trying to revolutionize the system from within.
profits represent a means to another ends, that is the continuation of socially acceptable employment, rather than the primary motive of profit as an end to itself
And even were they for-profit, it doesn’t change the fact that they practice workplace and worker democracy, and cooperative solidarity, typical of a syndacalist platform. Members can be a member of a union, but there is no company wide union, as the need for such is largely irrelevant in a cooperative environment. And they have recently been working with AFL-CIO to begin establishing cooperatives in the US.
The pay ratio between the highest and the lowest paid is generally 3:1 to 5:1 before taxes, and the minimum pay is generally higher than the local equivalent for similar work. For instance, the CEO of the entire Mondragon Corporation earns only 9 times as much as the lowest paid worker in the entire complex. This is to promote economic democracy and worker empowerment, which is in contrast, for example, with the average ratio of 600:1 in CEO to lowest-paid worker pay in the United States
You’re right that it is 9:1 from the top to the bottom, and I apologize for misreading the data. But 9 pales in comparison to 600, period. And this discrepancy is voted on a 1person 1 vote basis, which destroys any semblance of “labor exploitation.”
What also has to be pointed out is that this 7-9:1 discrapancy was created after the Spanish government’s implementation of a progressive income tax.