Could Employee Ownership Help Bridge the Wealth Gap? – Video

Could Employee Ownership Help Bridge the Wealth Gap? – Video

Employee ownership is gaining traction as a potential solution to bridging the wealth gap in society. With the concentration of wealth in the hands of a few, other traditional solutions like welfare expansion, unionization, or significant wage increases seem unlikely. This has led to a renewed focus on employee ownership as a bipartisan approach that could provide workers with a share of profits and ownership in the companies they work for. The conversation around employee ownership is not a new one, as prominent figures like President Ronald Reagan and Senator Bernie Sanders have championed the idea in the past. Joseph Blasi, Director of the Institute for the Study of Employee Ownership and Profit Sharing at Rutgers University, discusses the political landscape and possibilities of employee ownership in today’s economy in this thought-provoking video. As an issue that transcends party lines, employee ownership offers a potential solution to address income inequality and provide workers with a stake in the success of their workplaces.

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Video Transcript

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Video “Employee ownership: a step toward bridging the wealth gap?” was uploaded on 05/06/2024 to Youtube Channel 60 Minutes