With the income inequality and productivity statistics noted in the charts above, we are aggressively launching a grassroots-led economic research campaign to address this issue. Our mission and vision are as follows:
Economic Research Mission and Vision
Economic Research MissionTo conduct grassroots led economic research into how to apply the internet and other information technology to help the masses increase their workplace income at least 3 times over.
Long Term VisionAs a result of our economic research mission, over time, we will plant the economic seeds that will help future generations increase their workplace income at least 3 times over.
Whether we are doing scientific research, economic research, or otherwise, all research must start with a hypothesis or guess how to meet our objective. Then we conduct the research to field test, evaluate and validate the hypothesis. If the hypothesis doesn’t work out, we present a new hypothesis and start over.
Economic Research Hypothesis
Here's our starting hypothesis:
Economic Research Hypothesis Given that most people make their living in the workplace, what better way to improve the income and wealth building ability of the masses for the long term than to create a workplace where people effectively run their own business under the roof of their employer with the support of their employer
According to a Harvard Business School research paper, employee ownership leads to broad-based wealth. (Source: https://www.hbs.edu/faculty/Pages/item.aspx?num=61313):
- "The median household would see its net wealth nearly double, from $121,760 to $230,076."
- "The median wealth of families without a high school diploma would increase fourfold, from $20,780 to $83,955."
- "The median wealth of black families would increase even more, from $24,100 to $106,271."
However, over the years, traditional employee ownership models, employee ownership advocacy organizations, worker-owned cooperative/advocacy organizations, and the government have failed to deliver worker-ownership solutions to the mainstream workplace on a large scale.
Therefore, the focus of this grassroots-led economic research campaign is to introduce, evaluate and field test new worker-ownership compensation models and create a feasible transitional path to large-scale, mass worker-ownership.
It starts by introducing new worker-ownership compensation models, as noted below.
New Worker-Ownership Compensation Models
The visual below paints the picture of the solution:
There is a lot to learn here, but here are some top-level characteristics associated with the Empowered Employee Compensation Model:
- Benefits to Employees: Employees get the best of both worlds. The income, ownership, profitability, and flexibility associated with running a profitable business WITHOUT losing the financial security and guaranteed steady monthly paycheck piece of mind normally associated with a steady job. The steady monthly paycheck piece of mind comes from the supplemental compensation/benefits, not hourly wages and salaries;
- Benefit to Employers: Employers get a highly productive workplace (ownership motivates productivity) without having to pay the traditional fixed payroll expense. The Empowered Employee Compensation Model eliminates this fixed payroll expense because the compensation paid to empowered employees is linked to productivity, sales, or profits. This creates significantly more cash flow flexibility for employers;
- Benefit to the Nation: This ultimately means a higher national income, a higher Gross National Production (GNP), more tax revenue for the treasury to pay down the national debt, etc.
This said, the Empowered Employee Compensation Model is just the early hypothesis feeding the research. It must be validated and proven in the real world via interactive and collaborative dynamics at the grassroots level and between employees and employers and, eventually, government regulatory authorities.
The Transitional Path
So, how do we get there from here? What's the transitional path that can realistically transform the mainstream workplace to a mass worker-ownership workplace as illuded to by the Empowered Employee Compensation Model? Answering this question is also a part of economic research activities.
The formal business process is called Income Reengineering:
What is Income Reengineering Income reengineering is formally defined as the fundamental rethinking and radical redesign of business processes to achieve dramatic improvements in the income earning and wealth building ability of the masses.
In general, we can summarize Income Reengineering Principles and Processes with this four-step formula: Collaborate, Crowdfund, Build Wealth and Transform:
- Collaborate: We form a large grassroots collaborative, innovate in the crowdfunding space and raise millions per month ... month after month after month;
- Crowdfund: We use the crowdfunding dollars to fund worker-owned collaborations that are 100% owned by workers;
- Build Wealth: These worker-owned collaborations operate online part-time, creating scenarios where individuals can work online part-time as co-owners within their field of expertise or area of professional interest. No investment is required. Individuals submit a resume, secure the position, and show up for work online part-time as co-owners. This way, people can quickly build significant ownership equity and wealth part-time online;
- Transform: We encourage individuals to leverage these new wealth-producing and crowdfunding options to the point where they can comfortably say, why work for a mere wage if I no longer have to? This way, employers will have to collaborate and wrap compensation around ownership-based incentives to find and keep qualified workers. The result: we dramatically improve the income and wealth-building ability of the masses.
This formula's "Transform" part illustrates why this effort must be grassroots-led as companies and corporations must adjust their compensation models to accommodate a wealthier society.
Now, specifically, the formal Income Reengineering Process runs according to a four (4) stage business plan:
- Prelaunch: Early Introduction;
- Stage I: Early Growth and Development;
- Stage II: Building the Foundation;
- Stage III: Main Operations;
- Stage IV: Corporate Integration
We support each stage with a new and unique crowdfunding solution:
- Prelaunch, Phase I: Early Network Development (Traditional Crowdfunding);
- Prelaunch, Phase II: Empower the Crowd First Crowdfunding System (ECFCS) – startup;
- Stage I: Empower the Crowd First Crowdfunding System (ECFCS) – main;
- Stage II: Gradual Entrepreneurial Allocated Resource System (G.E.A.R.S);
- Stage III/IV: The Virtual Income Machines (virtual wages, virtual dividends, virtual bonds, virtual stocks)
These new crowdfunding solutions and systems represent an evolution in crowdfunding as required to meet the demands of the Income Reengineering Process because traditional crowdfunding, as we know it today, is not adequate.
Now that you know more about this research, support this research and JOIN US. You join us by using the Operational legs to learn more and participate in ways that are comfortable for you or your organization.