January 2, 2019

Is 2019 the Year of Employee Ownership?

Executive Director

Writing in the Intercept, reporter Rachel Cohen reviewed the year in employee ownership politics and legislation. She noted the long-time advocacy by Sen. Bernie Sanders and the more recent bipartisan support that led to the Main Street Employee Ownership Act becoming law in 2018. She also previewed unpublished research by Danish economics researcher Esben Baek, who built on work published by the NCEO in Employee Ownership and Economic Well-Being. Baek found that young ESOP participants have a 13% wage advantage over their non-ESOP peers, and that ESOPs benefited men and women approximately equally. She cited the long-time employee ownership researcher Joseph Blasi, who reflected on what happened during 2018: "I've been working on them for over 40 years, and only now have ESOPs become cool."