Perry: Worker-owned businesses require workers to spend time on management decision-making and investment strategy, tasks that are not directly productive  Also, such businesses have less extensive divisions of labor than do investor-owned businesses  Such inefficiencies can lead to low profitability, and thus increase the risk for lenders
Ttherefore, lenders seeking to reduce their risk should not make loans to worker-owned businesses
Businesses with the most extensive divisions of labor sometimes fail to make the fullest use of their most versatile employees' potential.