By Francis Koster, Ed.D.
A few weeks ago a courteous 20 something young man knocked on my door and asked if I had any yard work he could do to earn money. My garden needed to be made ready for spring, so we agreed on the task, and he set to work with lots of energy and care. An hour or so later I found him sitting on the ground holding his jaw with tears in his eyes. He had a suddenly developed a tooth ache. My heart went out to him.
I offered to drive him to his dentist. "Cannot afford one”, he said. I told him I would try to contact the local public health clinic. I called and was told in most counties the public health department does not have dental care for adult working poor. The internet helped.......
Employee ownership yields big dividends
By: Francis Koster Ed. D.
Suppose you were unemployed and had a family to feed. After months of looking, you are offered two jobs, and have to choose. Both were with new companies founded by neighborhood entrepreneurs. One offered a standard wage, regular hours, and so forth. The other offered the same things, but added the requirement that all employees own shares of stock in the new company. Years later which one would have contributed to making your family economically secure? Which one would you enjoy working at the most? Which one would strengthen the local economy?
The bottom line is that when employees own significant amounts of stock.......