Overview highlights the role of private equity in the economy and its impacts on labor practices, suggesting policy improvements.
Private equity firms directly employ 13 million people in the United States alone. With less transparency and regulation than publicly traded companies or government employers, private equity is rarely held accountable for poor labor practices. This paper offers an overview of teaching and learning resource by the Private Equity Stakeholder Project (PESP) on the role of private equity in the United States economy and its impact on the workforce. PESP resources that use government agency data, corporate documents, and examples from worker campaigns can help support a case for strengthening policy, legislation, and investment standards for private equity managers to protect workers.
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Creeks et al. (2025) studied this question.
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