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This 1916 Experiment Made Workers Wealthy
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Oct. 22, 2021 | COMMENTARY | Profit-sharing is an old idea that emerged in 1916. Major companies like Sears, Procter & Gamble, Pillsbury, Kodak, and U.S. Steel all joined the profit-sharing movement, giving their workers shares of stock so the workers actually owned part of the company. Profit-sharing gave workers an incentive to be more productive since the success of the company meant higher profits would be shared. It also reduced the need for layoffs during recessions because… Watch on YouTube
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