Aspen Institute Issues Report on Wealth Inequality and Employee Ownership

In The Racial Wealth Gap (PDF), author Joyce Klein argues that business ownership may be a key to reversing the increasing race-based wealth gap. Citing papers from the Federal Reserve Bank of St. Louis that draw on the Survey of Consumer Finance, Klein notes that "one reason for the gap in wealth levels among African Americans and Latinos was that they held dramatically lower levels of business and financial assets." She specifically refers to worker cooperatives as a path to shrink the gap.