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A worker cooperative is a cooperative owned and self-managed by its workers. This control may mean a firm where every worker-owner participates in decision-making in a democratic fashion, or it may refer to one in which management is elected by every worker-owner who each have one vote. Worker cooperatives may also be referred to as labor ...
Economics of participation is an umbrella term spanning the economic analysis of worker cooperatives, labor-managed firms, profit sharing, gain sharing, employee ownership, employee stock ownership plans, works councils, codetermination, and other mechanisms which employees use to participate in their firm's decision making and financial results.
There are generally five major types of cooperative organizations: Consumers' cooperatives, in which the consumers of a co-operative's goods and services are defined as its members (including retail food co-operatives and grocery stores, credit unions, mutual insurance companies, etc.) (Example: REI, federal credit unions, etc.)
The self-managed economy is a form of socialism where enterprises are owned and managed by their employees, effectively negating the employer-employee (or wage labor) dynamic of capitalism and emphasizing the opposition to alienation, self-managing and cooperative aspect of socialism. Members of cooperative firms are relatively free to manage ...
These are companies totally or significantly owned (directly or indirectly) by their employees. [1] Employee ownership takes different forms and one form may predominate in a particular country. For example, in the U.S. over 5,700 of the roughly 6,400 employee-owned companies have an Employee Stock Ownership Plan (ESOP). [2] An ESOP is an ...
One of the 10 largest employee-owned companies in America, Davey Tree Expert is 100% worker owned. The global tree, lawn, and utility consulting and services company was founded by the Davey ...
Based on this assumption, Ward presented an analysis that was critical of labor-managed firms. In particular, he argued that a supply curve of a labor-managed firm has a negative slope: an increase in the market price of the product produced by a labor-managed firm will not make it increase production and hire new members. It followed that an ...
A unionized co-operative is a co-operative which is beholden to active legal involvement by trade unions in the representation of the worker-owners' interests. [1]While they may be considered unnecessary in most cases, trade union involvement and membership may be welcomed by some co-operatives, be it to show voluntary solidarity with the organized labor movement's own history of struggle or ...