Employee ownership: a step toward bridging the wealth gap?

Рет қаралды 10,256

25 күн бұрын

Joseph Blasi, Director of the Institute for the Study of Employee Ownership and Profit Sharing at Rutgers University on the politics and possibilities of employee ownership in today's economy.
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Пікірлер: 48

@chocochef3092 23 күн бұрын

I currently work at an EOP company and the benefits are interesting. Besides the traditional 401K, the company also employ an “Employee Stock Ownership” system.

@stephaniebaker4024 23 күн бұрын

This is how it should be. The stores Winco and H‑E‑B do this.

@eleanoraquitaine2966 23 күн бұрын

Workers Unite!

@firstlast8258 23 күн бұрын

Gawd bless Murica 🤓 🖕

@jm823 23 күн бұрын

When it comes to businesses "the most common reasons small businesses fail include a lack of capital or funding, retaining an inadequate management team, a faulty infrastructure or business model, and unsuccessful marketing initiatives" but with that being said corporations are not going to share any kind of "profits" with their workers unless made to.

@lkfs55 23 күн бұрын

Yes I belonged to a successful ESOP company that helped us gain wealth for our retirement.

@ZMAN_420 23 күн бұрын

My Union helps me gain wealth for my retirement. The company pays into a Pension. Pensions use to be common now only union employees, politicians and city workers get Pensions? Mostly everyone else 401K or nothing. Seems like a scam to me! Just pay the empoyees what they deserve!

@lukiss8861 15 күн бұрын

Didn't know Roger Ebert was also into politics. Thumbs up, man. 👍

@yw1971 23 күн бұрын

It won't matter. The only thing that can minimize the gap is high taxs on the rich. This is what is done in Europe & it works.

@huascar66 23 күн бұрын

It worked up to the Eisenhower era, when the top tax rate was 90%. America prospered. Unions were strong. People bought houses, automobiles, televisions. Corporations had solid profits. Wall St. thrived. Ronald Reagan and his Republican Party's pro-corporate policies and cutting corporate tax rates while doing nothing for working- and middle-class Americans is where the rot began to set in our economic system. It has only gotten worse.

@barbarastephenson6885 23 күн бұрын

Also known as Profit Sharing. Good idea as long as people work. A few cannot pull the wagon for the many.

@jm823 23 күн бұрын

Well if you don't work you can't be part of the "profit sharing" that's a given, unless you are taking about something else?

@decabello67 7 күн бұрын

Employee ownership seems like a hard thing to swallow!! Why? We are living in a time where people just don't want to work!!

@damamae950 16 күн бұрын

I am lucky to be involved in a successful company founded by my husband that is now an ESOP (owned by employees - NRS, Inc.). The tragedy is that current federal tax policy makes it extremely expensive and difficult (prohibitive, actually) for founders, owners and shareholders to use this option. Current US tax penalizes owners who want to sell to an ESOP, stipulating that owners reinvest in securities that are of little value, Owners who pursue this option inevitably gain less from sales of a company than they would if they sold to a competitor and displaced dedicated employees invested in their communities, The government pays lip service to developing small businesses as an enginen of economic growth - but as a wise tax advisor once said to me, 'The IRS hates small business.'

@mack-uv6gn 23 күн бұрын

Some companies offer stock but only at a discount to most employees only the managers, upper managers and executives get stock for free. Tesla, Comcast is a good example, 15% discount. 🤔

@gorgthesalty 22 күн бұрын

Worker ownership is a form of socialism. I lived in something like this, the issue is decision-making in companies makes them far less competitive. Committee-for-everything and nothing will get done. Elect management and bribes and nepotism start taking over competence. I've seen this in action. Even if it starts somewhat effective, in 20 years it devolves into what I describe.

@drwalka10 20 күн бұрын

its called stock options ... companiess already do this ... I wonder why he doesnt just recommend more this ... I wonder

@methos-ey9nf 15 күн бұрын

Yeah well the current system isn't too great either. Way too much power in the hands of a few individuals and their capricious whims.

@gorgthesalty 15 күн бұрын

@@methos-ey9nf Indeed, we do have a form of oligarchy / corporatocracy.

@echad6259 23 күн бұрын

Oh, I thought Bill Gates let himself go.

@er... 23 күн бұрын

🤣

@Roset03 4 күн бұрын

Not a bad idea. This would help you feel less like an indentured servant as worker.

@Fedgery007 23 күн бұрын

I’m all about companies implementing profit sharing. But if you want to be successful, you have to constantly add to your skillset. You can’t sit at a job and never learn anything new and expect to get ahead.

@drwalka10 20 күн бұрын

THIS. People want to cry about losing manufacturing jobs for the same reason. They got complacent in the area of gaining skills and they settled and they want the economy growth to also settle with them. Same thing with the ai stuff right now ... people dont want to learn new skills so human civilivazation growth should stop right here.

@ml3141 23 күн бұрын

Is that the same as a cooperative (co-op)?

@Misterz3r0 23 күн бұрын

It could be but there are many different ways to organize employee ownership. What they are talking about specifically in the video aren't cooperatives.

@ml3141 22 күн бұрын

@@Misterz3r0 interesting! Then why he would not mention co-ops?

@drwalka10 20 күн бұрын

its called stock options ... companiess already do this

@RealMTBAddict 23 күн бұрын

No, it won't change anything.

@KiraLou06 23 күн бұрын

The company I work for became an ESOP in 2023. 😊

@drwalka10 20 күн бұрын

its called stock options ... companiess already do this

@papiducky99 23 күн бұрын

If it was not so complicated to give employees ownership and stock ls unless you are a ccorp more people would do it myself including

@koza9857 18 күн бұрын

quite the unfortunate title

@TuaTagovailoaTouchdowns 11 күн бұрын

People should instead have diversified investments in the stock market which covers the best companies.

@mr.g1683 23 күн бұрын

Co-ops

@franko8572 23 күн бұрын

*They have this now, it’s called a stock option!*

@drwalka10 20 күн бұрын

exactly

@user-iz6mb1sv9k 21 күн бұрын

Said limited knowledge of in this world does not know about just own faith but it will get another way ' 😁

@kikijewell2967 22 күн бұрын

Hm. Workers owning the means of production. A completely new idea no one has ever thought of before. /sarcasm

@drwalka10 20 күн бұрын

its called stock options ... companiess already do this

@ZMAN_420 23 күн бұрын

JUST PAY THE EMPOYEES WHAT THEY ARE WORTH. 99% OF THE WORK FORCE DON'T WANT THIS. REAGAN WAS A UBION BUSTER. ONCE YOU LEAVE THE COMPANY FOR ANY REASON YOU LOOSE IT ALL I'M JUST GOING TOO GUESS?

@TheBentley90 22 күн бұрын

Not true. All ESOPs have a plan they are bound to follow. The plan for the ESOP I participate in does not provide any way for someone to lose their allocation. You cash out into another qualified retirement program if you leave the company.

@user-ew8xj5pg7y 23 күн бұрын

God loves you and takes care of you so that this message reaches you. God is the one who created this great universe and has complete control over it. And the greatest loss that a person loses in this life is that he lives while he does not know God who created him, knowing the Messenger of Muhammad, the last of the messengers, and the Islamic religion, the last of the heavenly religions. The great intelligence, before you believe in something or not, is to read it, study it, and understand it well, and then you have the choice to believe in it or not. I advise you on this now before you do not have time to do that.

@ZMAN_420 23 күн бұрын

NO!

@firstlast8258 23 күн бұрын

Gawd bless Murica 🤓 🖕

@T_WC123 23 күн бұрын

Ma’am, this is a Wendy’s.