Why Louis Kelso Was Right
In The Capitalist Manifesto, his 1958 book with Mortimer Adler, creator of the modern ESOP, Louis Kelso argued that as investment in capital increased, returns to wages would decrease. That was a violation of both economic theory and economic history
Join or log in to access this content and much more
NCEO membership connects you with the employee ownership community and provides practical resources that empower you to make informed decisions about employee ownership.