Closing the wealth gap: The solution is hiding in plain sight

""Why are we not giving incentives to companies to require them to give shares in their companies to all employees, at the same percentage of cash earnings as the CEO?" Cuban said. It is the right question to be asking. Because while the debate over wealth inequality continues, the solution has been hiding in plain sight for decades. The top 10% of U.S. households now control 67% of all wealth, while the bottom half holds just 2.5%."

"The typical American worker approaches retirement with about $4,000 in savings, which is less than the cost of one month in an assisted living facility. That imbalance is not sustainable, economically or socially. The fix does not require new legislation or another corporate responsibility pledge. It lies in a proven model that has been quietly transforming companies and communities for 50 years: employee ownership."

Mark Cuban proposed incentivizing companies to give shares to all employees at the same percentage of cash earnings as the CEO. The top 10% of U.S. households control 67% of wealth while the bottom half holds 2.5%; the typical worker approaches retirement with about $4,000 in savings, an unsustainable imbalance. Employee ownership offers a proven remedy that requires no new legislation. Silicon Valley has long used equity compensation to attract talent and build worker wealth. Outside tech, fewer than 7,000 U.S. companies use ESOPs, yet employee-owned firms grow faster, face lower bankruptcy risk, and cut layoffs significantly.

Read at Fast Company