Posted on 09/04/2023 9:30:54 AM PDT by ChicagoConservative27
Worker shortages, changing regulations, weakend supply chains and rising attention on working conditions and job quality have many businesses and workers reflecting this Labor Day on what lies ahead — and one time-tested model with bipartisan support could be a game-changer for workers and companies alike: Employee ownership.
In every industry today, employee-owned companies — from grocery stores such as WinCo and Publix to Gore, the manufacturers of Gore-Tex, and Southwest Airlines — are demonstrating the promising potential to grow successful businesses while improving workers’ lives. This model can take different forms, such as worker-owned cooperatives, Employee Stock Ownership Plans (ESOPs) and other types of profit sharing and equity compensation structures that provide workers the opportunity to own shares in their company.
(Excerpt) Read more at thehill.com ...
“This model can take “
It sure can ... no more employee theft .. everyone can just dip straight from the till ..after all it’s theirs too.
And surely the employees will not be innovating their jobs away.
When a machine can do the same work and can do it better it creates other jobs and raises QoL for many.
It takes special management (usually originally a family) to see this through. I can only speak for Publix. Publix loves its employees and its employees love Publix.
Cashiers can retire millionaires at Publix in a little over 20 years if they max out their stock options.
We already have a way that employees and other people can own a part of a company and share in its problems and profits. It’s the stock market.
So when the company needs capital, these employees will forego pay, and provide operating capital on demand, right? Right?
Those shareholder owned companies make the ceo rich as he pilfer the company.
If an owner of a company wants to sell shares to employees and employees want to buy shares from an owner, what is the problem?
Bingo
It can work, of course, for an existing institution founded by individuals through capitalism, to be turned over to steering committees this way - a certain local grocery chain comes to mind - but turning leadership over to a collective is necessarily derivative. Lots of people can cook an egg but only one hen can make it.
As I remember Enron had great deals for employees on stock options and purchases—and as we know it made them all wealthy....
Lol.
Do you also remember Southwest Airlines?
It grew from a regional airline in Texas to the third largest carrier in the United States?
I hate Southwest Airlines—it is like being crammed into a sardine can.
But—if people go for that sort of stuff, fine by me...
Yah, STFU yah commie trash.
Want to own? Buy stock. Or, do a partnership with a guy.
Otherwise, F off.
In a smaller closed corporation the risk may be acceptable especially if the stock ownership is tied to a bonus program and/or there’s a potential company leadership succession in place.
Excellent post—it is all about diversifying risk—and keeping greed under control.
They proved more adept in endlessly discussing political theory than in actually producing anything.
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The state owned companies pretended to pay the workers and the workers pretended to work?
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