More than 14 million workers at over 6,700 American companiesown part or all of their employers through an employee stock ownership plan (ESOP) butthere’s not much discussion about it “in the business section ofthe newspaper or in public policy discussions about how to addresseconomic opportunity” according to Business Insider.
For those interested, a new research report from thenonprofit National Center for Employee Ownership offers some usefulinsights into how employees are affected by being employee-ownersinstead of just workers. Namely, employee-owners are more likelythan other workers to rise toward the middle class.
The study, whichreviewed data on workers aged 28–34 from the U.S. Bureau of LaborStatistics, indicates that employee-owners had 92 percent greatermedian household net worth than nonemployee-owners; 33 percenthigher income from wages; more job security (53 percent longertenure at their current jobs); and strikingly better employee benefits.
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