Thursday, September 20, 2012

A Direct Stake in Economic Life

A Direct Stake in Economic Life
That individuals work harder, better, and with greater enthusiasm when they have a direct interest in the outcome is self-evident to most people. The obvious question is: why aren't large numbers of businesses organized on this principle?
The answer is: in fact, thousands and thousands of them are. Indeed, more Americans now work in firms that are partly or wholly owned by the employees than are members of unions in the private sector!

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