The NCEO’s new research report, Employee Ownership and Economic Well-Being, shows that the economic benefits of employee ownership are not limited to higher-wage workers.
Using a large nationally representative sample of workers early in their careers created by the Bureau of Labor Statistics, the NCEO found that across demographic groups, employee ownership was associated with positive economic outcomes in terms of wages, benefits, household wealth, and job stability among these workers ages 28 to 34.
For example, Table 1 shows comparisons for reported wages from income and household net worth. This advantage extends to blue-collar workers, lower-wage workers, and workers in the retail-trade industry. A further breakout of all industries is available in the full report.
This analysis confirms a connection between employee ownership and other benefits at work. Table 2 compares the percentage who report having an array of benefits at work. Notably, looking at the comparison among just those workers with lower wage jobs shows this pattern is not entirely a function of higher wages at companies offering employee ownership. For example, nearly all lower-wage employee-owners (96%) have health insurance compared to just half (53%) of these workers without ownership benefits. Notably, lower-wage workers with employee ownership are much more likely to receive tuition reimbursement, flexible work schedules, and maternity/ paternity leave.
Read more about the details of the data and findings including more demographic breakouts by race, gender, and marital status at www.OwnershipEconomy.org/