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Labour’s plan for greater worker ownership is not ‘anti-business’
Luke Hildyard - 27 September 2018
This week at the Labour Party Conference, John McDonnell announced new proposals giving workers a small ownership stake in the companies they work for, thereby also entitling them to a small proportion of dividend payouts.
Labour’s proposals are based on the principle that when a company does well and generates a profit and pays a dividend, it should share a tiny proportion with the workers responsible for its success. No normal person would object to this. Given the UK’s well documented problems with pay stagnation, low productivity and huge pay gaps between those at the top and everybody else, proposals that put a bit more money in workers’ pockets, and link a small proportion of their pay to company performance, might seem exactly what we need.... See more
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