We need employee owned companies to fix our broken economy. Employee owned companies typically pay better, have better benefits, and treat their employees better in general. It also tends to improve interaction between the employees, as they are working together rather than doing what their boss tells them to without having any say. The companies then reflect the viewpoint of the company as a whole, not a multimillionaire owner. Scheels and Hy-Vee are both examples of employee owned companies.
This ties into how the economy is deeply rooted in everyday life. The effects of having a employee owned companies will drive the economy up. Without greedy owners, there will be cheaper prices and/or higher pay rates for the employees. This in turn will cause more money flowing in the general public rather than select individuals.
Question: What are some other advantages of employee owned companies?
By: Dylan Kipp, Mark Magelky, Kenny Cooperrider
Works Cited
Matthews, Christopher. "Business & Money." Business Money Can Employee Owned Companies Reboot the Economy. Time, 19 Nov. 2013. Web. 21 Nov. 2013. http://business.time.com/2013/11/19/can-employee-owned-companies-reboot-the-economy/
2 comments:
I feel like with employee owned companies, the company is less likely to go bankrupt because they do not need shareholders to help boost the endeavors of the company.
There is not just one person deciding, it is multiple people. And there is a big incentive to work hard and make your job really something that is yours. It isn't just something you wake up and do everyday now, it is something you care about. And if you slack it affects you personally.
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