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I think we all need to take a hard, serious look at the idea of employee ownership in companies. I come from the world of startups, where it's not entirely uncommon to see an equity stake offered as part of your compensation package. There are two important things this does. 1/n https://twitter.com/AspenWorkforce/status/1166327010429493250
#1: It makes for better employees. If you have ownership over a project, a company, or anything really, it incentivizes you to care a great deal about that thing. When I was working on my startup last year, I put my all into making it work. Why? Because it was an extension of me.
It was representative of who I was. I had a vested interest in seeing it become a success because it reflected on me. When people feel a greater a sense of ownership, it's instinctual for them to care more about it. And what's better for a company than employees that care? 3/n
Aside from the effects stemming from our own human nature, there are, of course, the economic effects. If workers have an ownership in their company, success translates into material benefit for not only execs and board members, but for the employees themselves. 4/n
We love to talk about how well the stock market is doing, but how much of this market success actually helps the average working American? Not only would it further incentivize them to work harder, it would allow them to more adequately enjoy the fruits of their labor. 5/n
And lastly, workers' rights. With ownership stakes comes an actual say in how the company operates. It gives employees greater bargaining power and a palpable slice of power, making companies less like dictatorships and more like democracies.
@BernieSanders is championing a plan just like this. Even if we're years out for accomplishing it on a national level, paired with some incentive structure for the companies themselves, perhaps we could see it manifest in our backyards. Delaware first? 7/7
