Most of the people I've worked with in life do not want shares in the company or a variable income in any way. They want a secure paycheck which has - above all else - predictability
Wait a minute... I didn't suggest that performance and profit related pay should replace hourly wages. I'm simply saying that the profit, or at least some of it, should shift from private owners to the workers... in this way, productivity is maximised.

An hourly rate can still be guaranteed, allowing security.