The Aspen Institute Economic Opportunities Program — Events and Interviews - Ownership on the March: Recent Progress in Supporting Employee Ownership

Ownership on the March: Recent Progress in Supporting Employee Ownership

07/06/23 • 65 min

The Aspen Institute Economic Opportunities Program — Events and Interviews

Congress has taken important steps in the last couple of years to support the growth of employee ownership in the US. Bipartisan legislation such as the Main Street Employee Ownership Act and the WORK Act have recently passed and hold great potential for helping more businesses to become employee-owned through ESOPs and worker-owned cooperatives.

In this conversation, speakers discuss the implications of recent legislation and what more needs to be done to help more workers become owners. It features a panel discussion with James Bonham (President, The ESOP Association), Ken Baker (CEO, NewAge Industries), Ike Brannon (President, Capitol Policy Analytics; Senior Fellow, Jack Kemp Foundation), Haydee Caldero (Senior Vice President / Finance & Strategy, Crêpes à Latte), and moderator Eleanor Mueller (Economics Reporter, Politico). For more information about this event — including video, audio, transcript, speaker bios, and additional resources — visit: https://www.aspeninstitute.org/videos/ownership-on-the-march-recent-progress-in-supporting-employee-ownership/

The discussion was held on June 14, 2023, as part of the Employee Ownership Ideas Forum, co-hosted by the Aspen Institute Economic Opportunities Program and the Institute for the Study of Employee Ownership and Profit Sharing at Rutgers University. This two-day convening brought together leading policymakers, practitioners, experts, and the media for a robust discussion on how we can grow employee ownership for the shared benefit of American workers and businesses. Learn more: https://www.aspeninstitute.org/events/employee-ownership-ideas-forum/

Previous Episode

Rebuilding the Middle Class through Employee Ownership

Stagnant wages, the rising cost of living expenses, and other factors have led to a shrinking middle class and growing income and wealth inequality in recent decades. Workers in employee-owned businesses, however, have often fared better than their peers on a range of measures related to economic well-being.

In this conversation, speakers discuss the latest research on wealth inequality and the potential of employee ownership to help rebuild the middle class. It features opening remarks from Richard Freeman (Herbert Ascherman Chair in Economics, Harvard University), Doug Kruse (Distinguished Professor, School of Management and Labor Relations, Rutgers University), and Fidan Kurtulus (Professor of Economics, University of Massachusetts Amherst), followed by a panel discussion with Veronica Ortiz (Business Systems Analyst Manager, Worker-Owner, Web Industries), Stephen Smith (Chairman, President, and Chief Executive Officer, Amsted Industries Incorporated), Steve Storkan (Executive Director, Employee Ownership Expansion Network), Tomás Durán (President, Concerned Capital), and moderator Abha Bhattarai (Economics Correspondent, The Washington Post). For more information about this event — including video, audio, transcript, speaker bios, and additional resources — visit: https://www.aspeninstitute.org/videos/rebuilding-the-middle-class-through-employee-ownership/

This discussion was held on June 15, 2023, as part of the Employee Ownership Ideas Forum, co-hosted by the Aspen Institute Economic Opportunities Program and the Institute for the Study of Employee Ownership and Profit Sharing at Rutgers University. This two-day convening brought together leading policymakers, practitioners, experts, and the media for a robust discussion on how we can grow employee ownership for the shared benefit of American workers and businesses. Learn more: https://www.aspeninstitute.org/events/employee-ownership-ideas-forum/

Next Episode

Good Work in the Gig Economy: Building a Sustainable App-based Economy

App-based short-term work, often called gig work, has been around for more than a decade. As use of app-based services has grown and become part of many people’s daily lives, so has awareness of the risks and challenges it presents to workers. During the pandemic, attention on gig work surged as thousands of unemployed service workers turned to apps for an income, and millions relied on these workers to deliver food and other essentials to their homes. Coming out of the pandemic, what is the status of gig work today, and what does the future hold? While many problems with the most widely used apps persist, new models have emerged as platform-based work has become an established part of the labor market. Join as we explore how people are challenging the status quo of gig work and reimagining platform-based jobs to be good jobs that can sustain workers.

In this conversation, we hear about alternative models of platform-based work, including cooperatives and public options, about policies being introduced to improve gig workers’ lives, and about research showing us what’s ahead. This event features a panel discussion with Will Coleman (Alto), Lexi Gervis (Steady), Ligia Guallpa (Worker's Justice Project), Adrian Haro (The Workers Lab), and Shelly Steward (The Aspen Institute).

For more information — including video, audio, transcript, speaker bios, and additional resources — visit our website: https://www.aspeninstitute.org/events/good-work-in-the-gig-economy-building-a-sustainable-app-based-economy/