ELI5: Explain Like I'm 5

Lucas Plan

The Lucas Plan was an idea developed in the 1970s in the UK in response to some companies closing down and making workers unemployed. It was a plan to get workers more involved in deciding what happened at their workplaces, and to make sure the workers had more control over their future. In the Lucas Plan, the workers would decide what new products or services the company should develop, and how the profits should be shared. To make sure the plans worked, the workers were given more training to help them make good decisions and they were also given a bigger role in deciding how the company was run. In the end, this sort of cooperative working helped secure more jobs and a better life for the workers.