The Impact of Employee Ownership

Employee ownership is great for both workers and business results. Data collected by the federal Bureau of Labor Statistics (BLS) found that across demographic groups, young workers at employee-owned firms benefit in the following ways:

33% higher median income from wages

30% for employee-owners of color

92% higher household net wealth

79% for employee-owners of color

53% Higher Median Job Tenure

36% for employee-owners of color

much greater access

to job-based benefits

Data quoted here is from Employee Ownership and Economic Well-Being by Nancy Wiefek, Ph.D., Research Director, National Center for Employee Ownership. Numerous studies have found that employee-owned companies enjoy higher revenue, productivity, and profitability than their competitors.