What retiring Boomer business owners could mean for their workers

‘silver tsunami’ of retiring Baby Boomer business owners

As Labor Day arrives — and economic inequality rises on the political agenda — a little noticed measure in the recently signed defense spending bill aims to address the widening wealth divide between workers and the owners or top executives who manage them. The measure, co-sponsored by Sen. Kirsten Gillibrand (D-N.Y.), is intended to expand financing options and raise awareness for programs that can help employees become partial owners of the companies where they work.


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The Washington Post