New Study Finds that Employee Ownership Saves U.S. Government Over $37 Billion in Unemployment

In a joint project with the Employee Ownership Foundation, the NCEO found that employee ownership averts a substantial amount of unemployment and saves the government over $37 billion. Data from the 2010 General Social Survey shows that in 2010, for instance, 12.1% of all working adults in the private sector report having been laid off in the last year, compared to just 2.6% of those respondents who says they own stock in their company through some kind of company-sponsored employee ownership plan. This dramatic difference remains even after adjusting for different conditions faced by employee-owners and non-employee-owners.

Read more about this project on the NCEO website.