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Building Back Better: Power Sharing Through Cooperative Business Models
Interest in cooperative business models has been steadily increasing in the US since the 2008 financial crisis, fueled in part by the polarization of power and income between CEOs and the general workforce that has only increased in the intervening years. According to US Federation of Work Cooperatives, worker-owner cooperatives have nearly doubled since 2008 from roughly 350 to approximately 600 today and span across diverse industries such as the taxi industry, elder care, home cleaning, tech, construction, banking, and more. Cooperative models are often seen as a way to build more sustainable work, especially for communities who have been historically marginalized, in part because models of collective ownership distribute power differently than traditional winner-take-all business models and allow for workers to equitably share the benefits in the good times and the burdens in the hard times, reducing individual risk.

Oct 28, 2021 12:00 PM in Eastern Time (US and Canada)

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