Pirates ended up forming a “company” you might be very happy to work for. Since the boss could be fired at any time, he was quite focused on taking good care of his employees. Captains’ wages weren’t significantly larger than anyone else’s. As Leeson explains, “The difference between the highest and lowest paid person in this pirate crew was thus only a single share.” And he didn’t get ridiculous perks. Pirate captains didn’t get a bigger bunk on the ship or more food.
