> The project managers, engineers, architects, and construction crews (plus the steel workers' local) aren't going to have a bake sale and come up with the mone

> The project managers, engineers, architects, and construction crews (plus the steel workers' local) aren't going to have a bake sale and come up with the money. But if they did, they'd still be investors (i.e., employee-owners) and everything I said would still apply :). More seriously, employee-owned businesses aren't uncommon, but still, the investors/employees are profiting from the company's increased producitivity _as investors_--their wages don't increase, the value of their shares increases. Just like owners in sole-proprieter businesses like our hypothetical steel mill.