Explosion of Interest in Worker Cooperatives Drives Economic Changes
Article of Truthout, 24/04/2019
It’s been more than 10 years since the financial crisis of 2008, and working people are still being hammered by its effects — stagnating wages, a widening gap between the rich and the poor, and a rise in the sharing economy to meet basic needs. At the same time, one legacy of the 2008 crash has been the growth of the movement for democratic worker-ownership.
Many have turned to the worker cooperative model as a way to build more sustainable jobs and communities, in large part because collective ownership allows for workers to equitably share the benefits in the good times and the burdens in the hard times. In the past decade, the number of worker-owned cooperatives in the United States has almost doubled from roughly 350 companies to nearly 600.