This blog post describes the initiative sponsored by The Democracy Collaborative to create 50 million employee-owners by 2050:
More than 5 million U.S. businesses owned by baby boomers are likely to change hands over the next 10 to 15 years. As baby boomer business owners retire and want to sell, there is a unique opportunity for a massive transition of privately-held companies to employee ownership, said Marjorie Kelly, senior fellow and executive vice president of the Democracy Collaborative.
This could be a win-win-win situation for workers, local economies and the retiring owners of these companies. Through the Fifty by Fifty project, Kelly and her colleagues set the valiant goal of enabling 50 million employee owners in the U.S. by 2050... Read full article.