A compelling argument for broad-based profit sharing and employee ownership in keeping with the economic vision of America’s Founders
The idea of workers owning the businesses where they work is not new. In America’s early years, Washington, Adams, Jefferson, and Madison believed that the best economic plan for the Republic was for citizens to have some ownership stake in the land, which was the main form of productive capital. This book traces the development of that share idea in American history and brings its message to today's economy, where business capital has replaced land as the source of wealth creation. Based on a ten-year study of profit sharing and employee ownership at small and large corporations, this important and insightful work makes the case that the Founders’ original vision of sharing ownership and profits offers a viable path toward restoring the middle class. Blasi, Freeman, and Kruse show that an ownership stake in a corporation inspires and increases worker loyalty, productivity, and innovation. Their book offers history-, economics-, and evidence-based policy ideas at their best.
I love this book It puts numbers and facts and history to a concept that I have believed for a while, Which is giving employees more ownership in a company causes. Ore capital gains and employee happiness in the company I would recommend this book to business owners who are trying to grow the happiness and culture in their business
The book provides a great history of profit sharing and employee capital ownership in the US from the founding of the nation to the present time. It introduces original research showing surprisingly widespread participation today, the clear benefits for employees and employers, and a path to greater participation.