In this interview, Chris Fredericks, founder and CEO of the employee owned company Empowered Ventures, reflects on methods to grow employee ownership and the benefits of employee ownership for a company and its workers.
State centers of employee ownership work to promote employee ownership and educate business owners and workers about the different avenues of employee ownership available. In this brief, the Aspen Institute Economic Program discusses the strategies and practices implemented by Colorado’s Employee Ownership Office to better understand how employee ownership can be supported and grown at the state level. This profile is a useful resource to inform other state centers’ practices and the government’s role in supporting state centers, particularly as more centers emerge through funding provided by the recently passed Worker Ownership, Readiness, and Knowledge (WORK) Act.
This piece reflects on the Aspen Institute Economic Opportunities Program’s event “Economics Reimagined: A Discussion on Building a Human Rights Economy,” which discussed how to build an economic system that values and centers the well being of people.
This piece reflects on the Aspen Institute Economic Opportunities Program’s event “The Promise of Guaranteed Income: A New Tool to Improve Jobs and Empower Workers,” which introduced the Institute’s recent work on the subject and highlighted how guaranteed income can play a vital role in helping people gain economic security and stability.
At the inaugural Employee Ownership Ideas Forum, leading policymakers, practitioners, experts, and the media convened for a robust discussion on how we can grow employee ownership for the shared benefit of American workers and businesses.
In this event, Zeynep Ton, author of “The Case for Good Jobs: How Great Companies Bring Dignity, Pay, and Meaning to Everyone’s Work,” discusses the components of a “good jobs” system, which ensures a living wage, dignity, and opportunities for growth to employees, and helps to foster shared success for both workers and organizations. Ton — a professor at MIT’s Sloan School of Management and president and co-founder of the Good Jobs Institute — explores the benefits of this approach; the disadvantages of low-paying and high-turnover jobs; how labor investments can pay for themselves; the obstacles to creating a good jobs system; and how leaders can break free and overcome these challenges to create good jobs.
In this event, panelist discuss how employee stock ownership plans (ESOPs) can improve job quality, reduce wealth inequality, and strengthen our economy. They highlight how the coming “silver tsunami” of retiring business owners represents a once-in-a-generation opportunity to grow the number the ESOPs. And they explore the policies, supports, and assistance that businesses — including publicly traded companies — need for ESOP conversion.
In this event, Rick Wartzman, author of “Still Broke: Walmart’s Remarkable Transformation and the Limits of Socially Conscious Capitalism,” considers the experience and history of Walmart moving toward a more conscious capitalism and the recent efforts the company has made to provide higher wages and better benefits and opportunities for its employees. Wartzman raises important questions about how much an individual company can do on its own to improve the quality of jobs and people’s ability to earn a living through their work; the degree to which business imperatives encourage companies to improve jobs and when those incentives conflict with that goal; and whether public sector action, through either labor market regulation or the provision of social supports, needs to be strengthened to ensure that work in today’s economy is contributing to an inclusive economy in which all can thrive.
In this event, panelists discuss the possible impact of guaranteed income on the labor market and especially on the quality of jobs. This bipartisan idea — which has roots in the nation’s founding, the New Deal, the Nixon Administration, and the Civil Rights Movement — is gaining momentum and is now being piloted in more than 100 demonstration sites across the US. How might the security of a guaranteed income provide workers agency, strengthen competition, and raise the floor for all?
In this event, Saket Soni, author of “The Great Escape: A True Story of Forced Labor and Immigrant Dreams in America,” discusses the story of a group of immigrant workers who experienced significant abuses in the US. Soni deals with these weighty questions by telling a gripping tale — a story of love, dreams, betrayal, greed, courage, redemption, and hope. Ultimately, it’s a story about learning to see across our society’s divides of race, ethnicity, class, gender, and geography to find our common humanity.