Because the harder I work it doesnt directly benefit me, it benefits all the owners
Correct. Now, apply that exact same analysis to the capitalist company.
The average worker earns $34/hr. Let's say you work for a company that employs 10 people.
At 9am, you produce $40 profit for the company, as does every other employee. For that, you each receive $34, and the shareholders receive $60.
At 10am, all the other workers produce $40 for the company, but you produce $4000. Company grosses $4360, pays out $340 in payroll, and keeps $4020 in profit.
Simple, right? You gave the company an hour; you received an hour's pay. You don't have a claim to the company profits; those belong to the shareholders. Your claim is $68 for those two hours of work, not the value of what you produce. That's capitalism.
The difference between capitalism and socialism is that under socialism, as a worker, you are also a shareholder in the company.
Under socialism, your claim is $68 for the two hours of work, plus 1/10th of the company profits. You receive $34 + $6 for 9am, and $34 + $402 for 10am.
Fwiw, I don't agree with the idea of state-owned businesses. But, I do believe that most businesses should operate as partnerships or co-ops, where the people doing the work are also the owners, and entitled to their fair share of the company's profits.
As an owner, if you see me freeloading on the factory floor, you can petition the other owners to have me fired. If you're the only one putting in any work, you can demand the rest of us pay you better, or you can quit.