👎🏻S-1666 AKA the Worker Ownership, Readiness, & hitch Knowledge (WORK) Act 👎🏻
I’m opposed to the Senate Bill. S-1666 AKA the Worker Ownership, Readiness, and hitch Knowledge (WORK) Act which would create an Employee Ownership and Participation Initiative within the Dept. of Labor’s Employment and Training Administration (ETA). It would authorize ETA to award grants to employee ownership and participation programs throughout the country for:
1) education and outreach;
2) participation training;
3) technical assistance, including prefeasibility studies, and support for the carrying out of third party feasibility studies and preliminary business valuations and
4) activities facilitating cooperation amongst employee ownership firms.
The literature on employee-owned companies’ performance is mixed; so it’s hard to sure that employee ownership is the best thing to promote from a business perspective. Additionally, given that many Americans already have ownership in their companies through stocks, pensions and other plans, it’s not clear how necessary this bill is.
SneakyPete.......... 👎🏻👎🏻👎🏻👎🏻👎🏻👎🏻👎🏻👎🏻👎🏻. 8.11.19..........