A new study highlighting the benefits of ESOP companies to their employees has been issued by Jared Bernstein, former Chief Economist and Economic Adviser to Vice President Joseph Biden. Bernstein demonstrates that ESOP companies:
- Have higher survival rates during economic downturns when compared with non-employee owned companies.
- Increase stock ownership to employees in income classes who are less likely to hold stock.
- Promote a more uniform distribution of wealth across income classes.
- Do not offer lower base pay as a result of having the ESOP in place
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