A Main Street, bipartisan solution to income inequality & social mobility
Common Ground and Real Solutions
Income inequality = class warfare and redistribution of wealth, taxing the rich to give to the poor
Prefer to emphasize opportunity and upward mobility
Government should do little; prefer laissez-faire “free” market so that a growing economy will create opportunity
Feel that Republican ideas to overhaul education, job-training and safety-net programs often double as budget-cutting initiatives
Strong public support for investing more in education from preschool through college, increasing the minimum wage and raising taxes on the highest earners
Expanding mobility and opportunity = more appealing to middle-class voters for 2014 midterm elections
Americans less concerned about inequality of outcomes, more concerned about equal opportunities for rising generations
Deploy worker ownership to progress from the “Me” to the “Us”
Expand greater workplace equity, reconnect workplaces to community wellbeing, and empower local living economies.
Facts about Worker-Ownership
Companies with broad-based ownership:
- are more stable
- produce fewer job losses
- outperform companies with greater disparity between executive and employee compensation
Yet, worker-ownership in America is a fraction of what it should be.
- Only 400 worker-owned cooperatives in America representing between 4,000 to 5,000 worker-owners
- 29,000 member-owned cooperatives account for:
- $3 trillion in assets
- $500 billion in revenue
- over 1 million jobs
There are over 11,000 employee-owned companies, but only in 4,000 companies do employees own the majority of the stock.