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The $175K Factory Worker: What Happens When Employees Own Stock

The Money with Katie Show

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Understanding Employee Ownership and Wage Stagnation

This chapter explores the historical backdrop of wage stagnation and wealth inequality, contextualized by a 1974 congressional prediction about capital outpacing wages. It emphasizes Employee Stock Ownership Plans (ESOPs) as a remedy for economic disparity, advocating for employee equity as a means of fostering engagement and workplace culture. Additionally, the chapter discusses the challenges leaders face in bridging the empathy gap between executives and employees to cultivate a successful ownership culture.

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