Fifty by Fifty is catalyzing a movement to scale up employee ownership
Our goal: 50 million employee owners in the US by 2050
An initiative of The Democracy Collaborative, Fifty by Fifty is aimed at creating a more inclusive economy through employee ownership. Our goal is to catalyze a movement with the knowledge, resources, and skills to grow the number of employee owners in the U.S. to 50 million Americans by 2050.
The latest employee ownership news
Can ESOPs Help Recreate Social Trust in America?
Increased economic security and participation at work could strengthen democracy.
Continue Reading Can ESOPs Help Recreate Social Trust in America?
Apis & Heritage Brings Justice Lens to ESOP Transitions
Fund completes its first two deals, impacting 150-plus workers
Continue Reading Apis & Heritage Brings Justice Lens to ESOP Transitions
Elevating Home Care Together
Elevate Cooperative — a new national network made up of home care cooperatives pooling resources and working together — aims to change the future of home care.
Andrea Dehlendorf: Working with Private Equity to Make Jobs Better
Americans need to better understand the role of Wall Street and private equity in our economy.
Continue Reading Andrea Dehlendorf: Working with Private Equity to Make Jobs Better
Andrea Armeni: An Opportunity to Spur Deep Structural Change
Ownership Works can be a conversation starter and spur conversations about who is creating the value and who should capture it.
Continue Reading Andrea Armeni: An Opportunity to Spur Deep Structural Change
Joseph Cureton: Success is more than an increase in financial value
I see this as an opening, an opportunity for the idea of worker ownership to become more mainstream.
Continue Reading Joseph Cureton: Success is more than an increase in financial value
Are the Barbarians at the Gate?
Part 3: Is this real employee ownership?
Ian Mohler: A Piece of the Pie Is Better than No Slice at All
Offering equity to workers is a good thing, and we can argue later about what share of the pie is most appropriate.
Continue Reading Ian Mohler: A Piece of the Pie Is Better than No Slice at All
Delilah Rothenberg: A step in the right direction, but only one piece of the puzzle
As long as the wealth of GPs grows exponentially faster than that of everyone else, economic inequality will continue to grow.
Continue Reading Delilah Rothenberg: A step in the right direction, but only one piece of the puzzle
“It takes a job to get out of poverty but it takes assets to stay out of poverty. Ownership shares increase in value over time, generating wealth and security.”
—Fifty by Fifty cofounder Marjorie Kelly
Employee ownership offers a solution to the vast income and wealth inequality that is undermining America’s economy.
GOOD FOR EMPLOYEES
- WAGES: Employee owners earn average wages 5 to 12 percent higher than employees in conventional firms.
- WEALTH: The net worth of employee owners aged 28 to 34 is 92 percent higher than for non-employee owners.
- RETIREMENT SAVINGS: The average retirement savings for an ESOP employee is $170,000, twice the national average.
GOOD FOR BUSINESS
- TURNOVER: Employee engagement is higher and turnover is lower at employee-owned companies.
- GROWTH: Transitions to employee ownership increase productivity by more than 4 percent.
- STABILITY: Employee owners are one-fourth as likely to be laid off and their companies go bankrupt less frequently.
GOOD FOR COMMUNITIES
- JOBS: Employee ownership saves local jobs, because companies that are owned by their employees are far less likely to leave their communities.
- LOCAL WEALTH: Employee ownership keeps wealth circulating in local communities.
GOOD FOR OWNERS
- LEGACY: When business owners sell their businesses to their employees, they can keep their legacy alive for generations to come.
- SAVINGS: Entrepreneurs and family owners can realize the value the business has built while enjoying substantial tax savings.
- RESPONSIBILITY: Business founders and families can find ready buyers in employees, avoiding sale to those who would dismantle the business.
