Special Report on
Worker ownership, participation and control
Worker ownership, participation and control - Trends
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Here's a riddle for you: If you melded Adam Smith with Karl Marx, what would you get? Aside from a person constantly arguing with himself, you might also get something similar to an economic model that is slowly taking root in the U.S. economy: employee ownership. Employee ownership and its newly coined cousin "shared capitalism" might sound like concepts straight out of the Communist Manifesto , but they've built a largely unnoticed niche in the U.S. economy. An estimated 20 percent, and possibly more, of the private workforce holds some form of direct ownership in the company it works for, up from almost ...
On December 18, 2009, Senator Bernard Sanders (I-VT) introduced two new bills that would seek to expand employee ownership in the United States. The first bill, the Worker Ownership, Readiness, and Knowledge (WORK) Act (S. 2909) would create an Office of Employee Ownership and Participation within the Department of Labor. This Office would promote employee ownership and employee participation in company decision making by providing education and outreach, training, grants, and technical support for local programs dedicated to the promotion of employee ownership and participation, such as ... Read More
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