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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 ...
The history of cooperatives in the United States extends to pre-independence times. [1] With the exception of credit unions and mutual banking institutions, most cooperatives have held a light footprint on the economic history of the United States, compared to the economies of Europe.
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.
In 2004 the United States Federation of Worker Cooperatives (USFWC) was founded, which, like the ICA, facilitates worker cooperatives (see "Types and Structures of Cooperatives" below). The ongoing success of cooperative economics in providing more effective alternatives to capitalist firms was so significant by the 21st century that the United ...
The United States Federation of Worker Cooperatives (USFWC) is the national grassroots membership organization representing worker cooperatives and democratic workplaces.. Its mission is to build a thriving ecosystem for worker-owned and controlled businesses and to empower their cooperative leaders to power movements for racial justice and economic democracy.
Rainbow Grocery Cooperative, San Francisco, CA; Red Emma's Bookstore Coffeehouse, Baltimore, MD [11] Seward Community Cafe, Minneapolis, MN [12] TESA Collective; The Drivers Cooperative, New York City
A volunteer-run co-op is distinguished from a worker cooperative in that the latter is by definition employee-owned, whereas the volunteer cooperative is typically a non-stock corporation, volunteer-run consumer co-op or service organization, in which workers and beneficiaries jointly participate in management decisions and receive discounts on ...
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 ...