U.S. Sen. Tammy Baldwin is introducing a bill designed to boost the number of employee-owned companies in America. The Worker Owned Wealth Act would provide low-interest loans to workers who want to either buy or increase their stake in the companies that employ them. Baldwin, D-Wisconsin, said the measure would be good for regional economies.
“We want to see greater shared prosperity, and we also want to see companies motivated in their decision-making by what’s best for the worker, and what’s best for the community, as well as what’s best for the shareholder,” she said. “Too many decisions are being made just based on what’s best for the shareholder and short-term profit.”