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I'm not convinced looking at overall percentage owernership is the right and accurate way to determine if working class Americans have skin in the game. Of cou

• velcrovan 8y ago
  We were originally discussing who benefits from higher stock prices; the answer is overwhelmingly, by a huge, huge, margin, those benefits go to the top 10% of Americans by wealth. The fact that a tiny portion of workers also own some stocks doesn't change that fact. And the fact that $30k in a retirement account is critical to a factory worker, doesn't help your case much. That pittance will have been saved out of already-stagnant wages that have been kept down by corporate management in favor of executive pay and stock buybacks, and will be nearly worthless for retirement purposes no matter what the stock market does. All you've done is reiterate the all-too-common disaster scenario for the working class that comes from favoring shareholders over workers. The workers' real skin in the game is their labor and the value they produce from it, which is increasingly being kept back from them. They can have everything to gain and nothing to lose by gaining mandatory representation on the board.
• pwinnski 8y ago
  That's somewhat the issue at hand, right? It's everything to the factory worker, but it's a rounding error to anybody involved in making decisions that effect that factory worker's everything. Using that definition of "skin in the game," I'm not sure what the point of the phrase is.