According to Virginie Perotin, a Professor of Economics at Leeds University: Worker owned cooperatives have several clear advantages over the traditional business structure we are all used to. Each member has an equal vote (one person one vote, independent of title, position, or capital).Most employees are members (it is not an exclusive club where just a few become members).All employees are eligible to become members (this includes secretaries, administrators, and all other employee categories).All or most of the business capital is owned by the employees (members).But thanks to the leadership of Democracy at Work, the University of Wisconsin Center for Cooperatives, and many other groups, worker owned cooperatives are gaining ground.įirst of all, what is a worker owned cooperative? There are various definitions, but most experts agree all worker owned cooperatives must have the following characteristics: Italy leads the world in total number of worker owned cooperatives, at 25,000, while the United States lags far behind at just over 300. Worker owned cooperatives have been around for a long time, but they are finally getting the attention they deserve. But times are changing, and now just might be the time to consider something different. We’ve all been sold on the standard management/labor structure we learned in business school and read about every day in the Wall Street Journal. The concept of a worker owned cooperative is unfamiliar to most Americans.
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