Maximalism

The group recorded a 50% increase in turnover to £129 million in the year to June 2025 thanks to HS2's jobs, business and energy plans.

A backlog of £300 million (2024: £200 million) now supports the next phase of growth, giving the business strong visibility over the next year as it moves forward in the data center, transport and nuclear energy markets.

The improved performance resulted in £349,000 being distributed among all eligible employees in the fourth and highest profit-sharing payout since the transition to an employee-owned group in March 2021.

Throughout modern economic history, human intelligence has been the scarce input. Capital was abundant (or at least replicable). Natural resources were finite, but replaceable. Technology improved slowly enough for humans to adapt. Intelligence—the capacity to analyze, decide, create, persuade, and coordinate—was what could not be replicated on a large scale.

Human intelligence derived its inherent value from its scarcity. All the institutions of our economy, from the labor market to the mortgage market and the tax code, were designed for a world in which that premise held true.

We are now witnessing the erosion of that premium. Artificial intelligence has become a competent and rapidly improving substitute for human intelligence in an ever-expanding range of tasks. The financial system, optimized for decades for a world with scarce human minds, is being revalued. This revaluation is painful, messy, and far from complete.

But revaluation is not the same as collapse.

The economy can find a new equilibrium. Achieving this is one of the few tasks that only humans can accomplish. We need to do it right.

This is the first time in history that the economy's most productive asset has generated fewer jobs, not more. No framework fits, because none were designed for a world where a scarce input has become abundant. Therefore, we have to create new frameworks. The only question that matters is whether we build them in time.

Founded in 1968, Lexicon, with 3,000 permanent employees, is headquartered in Arkansas. It is now 100% employee-owned.

McKinsey & Company, the quintessential global consulting firm, is collaborating with Ownership Works to "scale the worker ownership model, bringing worker ownership to a broader and more strategic implementation across the enterprise." Whenever we hear the name of one of the Big Four, we clutch our wallets... and our hearts.

"Clacton-on-Sea-based printer DS Group has handed the reins back to its staff as the company has become wholly employee-owned. DS Group officially became an employee-owned trust on 1 December 2025, marking a significant milestone in the printing and mailing company's 25-year history."

"Doncaster, UK, January 15, 2026. Doncaster-based Pacy & Wheatley is one of the UK's oldest family-owned construction groups. The company undertakes large-scale building projects across a range of sectors, including care homes and commercial and residential developments. Its specialist acoustics division works with global brands, while its interiors division executes major interior design contracts for leading retail chains, hospitals, and national storage solution providers."