According to estimates from the National Center for Employee Ownership, over 10.7 million Americans are employed by companies operating under employee stock ownership plans (ESOPs), highlighting their prominence in the U.S. labor market.
A 2019 study revealed that Latinx employee-owners possess wealth that is twelve times higher than the national median for Latinx households, while Black ESOP employees have three times the wealth of their national counterparts, showcasing the significant impact of employee ownership on wealth distribution.
Curt Lyon and Julie Menter's report indicates that there is a rising trend in impact investing in employee ownership, yet the overall level of investment remains disappointingly low, prompting questions about the effectiveness of current investment strategies.
Despite the growing recognition of employee ownership forms like ESOPs among impact investors, there is still a significant gap between potential investment and actual funding levels, indicating a need for further awareness and action.
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