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

About openDemocracy

openDemocracy is an independent global media platform publishing up to 60 articles a week and attracting over 8 million visits per year.

Through reporting and analysis of social and political issues, openDemocracy seeks to educate citizens to challenge power and encourage democratic debate across the world. With human rights as our central guiding focus, and open-mindedness as our method, we ask tough questions about freedom, justice and democracy.

openDemocracy aim to help those fighting for their rights gain the agency to make their case and to inspire action.

Go to all openDemocracy Articles on this Wiki