Thursday, December 06, 2012

America's 'actually existing' worker-owned capitalism | Moira Herbst | Comment is free | guardian.co.uk

America's 'actually existing' worker-owned capitalism | Moira Herbst | Comment is free | guardian.co.uk


Far from some communist ideal, employee ownership is an all-American third way that both left and right can embrace. Worker advocates can applaud the model's more democratic structure, while free marketeers can admire its entrepreneurial spirit.
Workers who directly reap the fruits of their labor – rather than toil for higher returns for anonymous investors – are more motivated, productive, and creative. According to a study by Harvard and Rutgers researchers, companies with substantial employee ownership often outperform those without, because of lower staff turnover and stronger trust relationships at work.

Big surprise? Not. People who have more than a paycheck connection with their job are more likely to do a better job. Makes total sense to me.

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