It sounds like you just explained the opposite of what you said. If you can only get the dividends and can never sell your ownership outright, it makes sense to optimize for long term, sustainable growth and profits over short term profits. So, you don't care about stock value increase as you already own your shares. Actually, I'm thinking low share prices compared to dividends are good because it allows you to buy more and earn more.

It sounds like this is a much healthier concept overall?

Profits and operating cash flow are two different things. Only the latter matters in terms of meeting payroll. Very few companies of any kind cut pay or lay off employees just because they "had a bad quarter." Even when there is a bad year or two (such as during coronavirus pandemic), the government will usually step in and offer generous tax credits to try to keep employees working.

Are... are you familiar with layoffs? Y'know, that thing companies do where they stop paying you and you don't have a job anymore?

> Every worker gets a salary but also a percentage of their salary in stock ownership

That's in the second paragraph. I don't know what the fixation is in finding problems with paying more the people who produce what the company sells.