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2 books match the query 'Employee ownership'

cover of Shared Capitalism at Work: Employee Ownership, Profit and Gain Sharing, and Broad-Based Stock Options

Shared Capitalism at Work

Employee Ownership, Profit and Gain Sharing, and Broad-Based Stock Options

Edited by Douglas L. Kruse, Richard B. Freeman, and Joseph R. Blasi

University of Chicago Press, 2010

The historical relationship between capital and labor has evolved in the past few decades. One particularly noteworthy development is the rise of shared capitalism, a system in which workers have become partial owners of their firms and thus, in effect, both employees and stockholders. Profit sharing arrangements and gain-sharing bonuses, which tie compensation directly to a firm’s performance, also reflect this new attitude toward labor.

Shared Capitalism at Work analyzes the effects of this trend on workers and firms. The contributors focus on four main areas: the fraction of firms that participate in shared capitalism programs in the United States and abroad, the factors that enable these firms to overcome classic free rider and risk problems, the effect of shared capitalism on firm performance, and the impact of shared capitalism on worker well-being. This volume provides essential studies for understanding the increasingly important role of shared capitalism in the modern workplace.

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cover of The People's Hotel: Working for Justice in Argentina

The People's Hotel

Working for Justice in Argentina

Katherine Sobering

Duke University Press, 2022

In 2001 Argentina experienced a massive economic crisis: businesses went bankrupt, unemployment spiked, and nearly half the population fell below the poverty line. In the midst of the crisis, Buenos Aires’s iconic twenty-story Hotel Bauen quietly closed its doors, forcing longtime hospitality workers out of their jobs. Rather than leaving the luxury hotel vacant, a group of former employees occupied the property and kept it open. In The People’s Hotel, Katherine Sobering recounts the history of the Hotel Bauen, detailing its transformation from a privately owned business into a worker cooperative—one where decisions were made democratically, jobs were rotated, and all members were paid equally. Combining ethnographic and archival research with her own experiences as a volunteer worker at the hotel, Sobering examines how the Bauen Cooperative grew and, against all odds, successfully kept the hotel open for nearly two decades. Highlighting successes and innovations alongside the many challenges that these workers faced, Sobering presents a vivid portrait of efforts to address inequality and reorganize work in a capitalist economy.
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