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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