Most public-sector jobs for university educated people include shares of some form or another for employees. Some times it's a very large proportion of the compensation, or even essentially all of it, for some management.
Most? I have been working for almost 17 years and have only had shares of any kind as part of my compensation for the past 15 months. I have yet to actually get any of those shares as I switched companies in the middle of that period, so I have literally never, to date, received shares as compensation in my career.
My wife has never received, and likely will never receive, shares as part of her compensation considering all of her experience is with non-profits.
Also, I suspect you meant "private-sector" here, not "public-sector" (i.e., government work).
But the Labour party aren't using this definition. They are talking about all employees, regardless of education, training or position.
Forgive me if I am misreading your post, but it appear you're saying that a minority elites that are employed by a company already receive shares, so this is already happening.
Under this plan, all employees receive a stake in the company, which is more in line with what the original article was suggesting.
> But the Labour party aren't using this definition.
...err well they aren't using the word at all so it's a bit odd to say it's not the definition they're using.
> Forgive me if I am misreading your post
My point was that it wasn't some new radical idea - many people (not really elites - random programmers at tech companies, or marketers at agencies, or whatever aren't 'elites' by any stretch) are already getting this and it works fine without government intervention.
I would guess that at least 10% of Google, for example, is already owned by the employees? I may be wrong.
Restricted Stock Units (RSUs) are a standard component of compensation, at least for higher-performing employees, at many large tech companies. An RSU grant is a direct grant of shares, conditional only on the employee remaining at the company through the vesting date. I've received them, and know others who have.
Most - greatest in amount or degree i.e. greater than 50%
Professional - engaged in a specified activity as one's main paid occupation rather than as an amateur.
Were you being facetious, or do you honestly believe that most people in the world receive shares as compensation in their full time jobs?
Neither I, nor anyone I know, has ever received shares as part of an employment contract.