The Importance of Employee Stock Ownership

Some researchers call this dedicated feeling of total immersion in something flow state. It's characterized by certain approaches to your work that create an intrinsically rewarding psychological byproducts. Kim Jordan, the co founder of new Belgium brewing company recognized the need for employee ownership. She and her husband founded new Belgium in 1991 in their garage.

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As a society, we now pit "anti-work" against "grindset mentality"—but we might actually be in a stage of self-defeating overcorrections at this point, including questionable trends like TradLife and Stay at Home Girlfriend Tok.

In this week's episode, we cover the pros and cons of both hustle culture and quiet quitting, how employee stock ownership programs might help, and what a better balance between the two might be.

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Learn more about our sponsor, Fidelity: https://fidelity.com/stocksbytheslice

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Transcripts can be found at podcast.moneywithkatie.com.

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Mentioned in the Episode

Range by David Epstein: https://bookshop.org/a/90396/9780735214507
"The Secret to Conventional Success We Don't Talk About": https://moneywithkatie.com/blog/conventional-success-secrets
"On Meaningless Careers" by Jack Raines: https://www.youngmoney.co/p/meaningless-careers
"Gen Z Does Not Dream of Labor" from Vox: https://www.vox.com/the-highlight/22977663/gen-z-antiwork-capitalism
Wealth inequality in the 2010s: https://news.yahoo.com/super-richs-wealth-concentration-surpasses-gilded-age-levels-210802327.html
Laura Pitcher in Vice: https://i-d.vice.com/en/article/93a3we/slow-living-tiktok-trend
Zoe Hu in Dissent Magazine: https://www.dissentmagazine.org/article/the-agoraphobic-fantasy-of-tradlife
Chelsea Fagan on "Quiet Quitting": https://www.youtube.com/watch?v=oh9CRz2dk-Q&ab_channel=TheFinancialDiet
Haley Nahman on Not Caring About Your Work: https://haleynahman.substack.com/p/145-not-caring-about-your-job-freedom
Kim Jordan of New Belgium Brewing and their employee stock ownership program: https://www.inc.com/magazine/202009/graham-winfrey/new-belgium-brewing-kim-jordan-esop-b-corp-acquisition-exit.html