NewsProject Equity

Employee Ownership and The Promise of Quality Jobs

From the Times of San Diego:

In California and nationally, historically low unemployment rates are not a sign of prosperity, but indicatethe arrival of an economy that specializes in creating low-paying, temporary jobs with no benefits or job security. According to a Princeton University study, such positions were responsible for 94 percent of American job growth between 2005 and 2016, and the Trump Administration has done nothing to reverse those trends. What we are sorely lacking is quality jobs.

There is one powerful solution to create quality jobs that has been significantly underutilized. Small businesses that convert to employee ownership, or adopt this model from the beginning, outperform similar firms on just about every meaningful economic standard, including those relating to salary, benefits and job security.

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