Stock market instability impacts few individuals directly, as the wealthiest 10% own over 90% of US stocks. For many, especially in low-wage jobs, ownership remains elusive. Economic instability affects people's stability and agency, driving home the importance of employee ownership. This model helps narrow economic divides by enhancing worker wealth and business performance while reducing gender and racial inequalities. Various studies indicate that employee ownership can lead to significant financial benefits for employees, further contributing to economic resilience and community strength.
Employee ownership of businesses is a powerful tool that can help narrow the divisions between those who own assets and those who donât.
Research from Project Equity shows that when ownership is broadly shared among workers, economic inequality declines.
Employee-owned businesses build wealth for workers, perform well financially, lower turnover rates, and reduce gender and racial inequality.
Over a career, employee ownership can generate hundreds of thousands of dollars in retirement accounts for employee-owners on top of standard 401(k) plans.
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