Millions of business owners are about to retire. They should sell to their employees
As millions of business owners approach retirement, employee ownership is emerging as a viable solution for ensuring economic prosperity is shared. Employee-owned firms foster a sense of commitment among workers, who feel empowered and motivated by their stake in the company. Despite its benefits, employee ownership remains underutilized due to financing gaps and low awareness.
- ▪American workers are experiencing economic challenges, with their share of national income at its lowest in 75 years.
- ▪Employee ownership has been shown to improve workplace culture, productivity, and financial security for workers.
- ▪Legislation is being introduced to address financing challenges and promote employee ownership as a business model.
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American workers feel their footing in the economy slipping. The stock market has hit high after high, while workers’ share of national income is at its lowest point in at least 75 years. Add to that an affordability crisis hitting families’ checkbooks and many businesses’ eager push to utilize artificial intelligence, and workers’ sentiments appear well-founded. Our current political polarization leaves few confident that we can agree on a way to offer workers a real stake in the prosperity our country creates.Recommended Video Employee ownership offers a promising path forward that is rooted in bipartisan ideals and designed to ensure economic prosperity is widely shared.
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