Posted 8 years ago on March 2, 2012, 12:03 a.m. EST by francismjenkins
This content is user submitted and not an official statement
Over the years, the NCEO has conducted and reported on research on employee ownership and corporate performance. The research comes to a very definite conclusion: the combination of ownership and participative management is a powerful competitive tool. Neither ownership nor participation alone, however, accomplishes very much. The findings apply most clearly to closely held companies. The relationship between ESOPs and corporate performance in public companies is more ambiguous. Limited research on broad-based equity compensation plans have consistently found positive results. Studies on ESOPs and corporate performance in public companies come to more mixed conclusion.
Here's a listing of the top 100 employee owned firms in the United States:
Here's why we should be concerned:
U.S. manufacturing is in crisis, with almost 6 million jobs lost and 42,000 factories closed over the last decade. Even worse, we are losing know-how and ultimately control over our future. While the U.S. retains important strengths, U.S. manufacturing competitiveness is slipping rapidly. There is no reason to resign ourselves to defeat or to sugarcoat the challenges we face. We possess the tools, talent, and resources to revive manufacturing. But to do so we need a national strategy for manufacturing renewal. This report explains the five key reasons why we need to act quickly and boldly to revitalize our manufacturing sector.
ITIF is exactly right, we need a national manufacturing strategy, and here's an idea. A government loan program enabling workers to buy and reopen these closed down factories (or companies scheduled for closure, facing bankruptcy, etc.). Employee owned companies is a proven model, well studied, and it provides evidence for one of the core values of anarchism, workers owning and managing the places the work at!