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In April 2013, Alex Brill, tax adviser to the Simpson-Bowles deficit reduction commission, introduced a new study looking at the “Macroeconomic Impact of S ESOPs on the US Economy.” Key findings from this report reveal that:
- The number of S ESOPs and the level of active participation (number of employee-owners) have more than doubled since 2002.
- The total output from S ESOPs and the industries they support is nearly 2 percent of GDP.
- S ESOPs directly employ 470,000 workers and support nearly a million jobs in all.
- S ESOPs paid $29 billion in labor income to their employees, with $48 billion in additional income for supported jobs.