Monday, May 21, 2018

More worker-owned cooperatives on the horizon

I’ve been a fan of worker owned coops since I first heard of the Mondragon Coops in Spain in the early 1980’s. They give employees power over their lives and spread the wealth more equitably. In economic downturns, they typically find more humane ways, avoiding layoffs. According to this article, it now seems that the number of coops may grow as Baby Boomers face retirement. Some are selling their companies to their employees.

https://www.fastcompany.com/40572926/more-u-s-businesses-are-becoming-worker-co-ops-heres-why

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