Human Supremacist Institute

ESOPs may encourage people to stay at their jobs longer. Most politicians may see this as a good thing. As a big advocate for Anglo American capitalism, I would consider it to be a modestly bad outcome. Employees who work at top firms have a lot of valuable tacit knowledge which they can take with them and spread it around in the economy. Contrary to popular belief innovation itself doesn't generate growth, technology diffusion does. By encouraging more people to move jobs you're speeding up the diffusion process. That's why European will beat the Americans. For context Germany and UK would be the poorest states in America. Fortunately the FTC recently banned the use non compete clauses for most employees enabling in more dynamism in the American economy.