It’s a hellish concept. The workers relationship to the company becomes less transactional, and they get all the stress of owning a business but without the outsized profits.
It is true though that an employee will be much more personally invested in that kind of voting than a typical investor given that’s they essentially can’t diversify like an investor can, without being so rich that they make more from investments than working anyway. And that they may choose to give themselves the option of direct democracy to varying degrees instead of representative democracy. In a standard white collar corporate environment that could kick up workplace politics to insane levels.
which restaurant workers is this true of? tipped FOH workers make a little to a lot more than minimum wage depending on the shift. BOH workers are indeed getting minimum wage or a little more, but wage theft to the tune of 50% of a paycheck is incredibly rare.