Here, capital is treated as an instrument of labor and is therefore given limited interest. In traditional companies, owners of capital take unlimited interest and labor is given limited share in the business because it is viewed as an item of cost. In a developing economy like the Philippines where capital is expensive and labor is abundantly cheap, this makes a lot of practical sense. Another important difference and unique feature of a worker co-operative is in terms of its objective. The worker co-op s objective is creation of stable employment for its members and not profit making, per se.
Profit takes secondary importance and is viewed as a limiting condition.
It is employment that is seriously looked into and not profits. The worker-members are interested more on the stability of their employment than for the company making huge profits. Industrial peace . Labor-management conflict is minimized if not totally absent since workers and owners are one and the same, labor and management are now fused into a complementary unity. Ethical business practice is a normal feature since the worker members have that serious responsibility to the community, their market or clients.