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Worker cooperative

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A worker cooperative is a special kind of business. In these companies, the workers are also the owners. They manage the business themselves through democratic ways. This means workers often participate in making important decisions. Some groups allow every worker-owner to have exactly one vote. These businesses are sometimes called labor-managed firms.

Worker cooperative states
Worker cooperative states

These cooperatives work by sharing power and resources. Instead of one boss making all the rules, the workers work together. They might elect a group of managers to handle daily tasks. However, the workers still hold the ultimate power through their votes. This system helps ensure that the people doing the work have a say. It is a way to organize labor and ownership at the same time.

Worker cooperative states
Worker cooperative states

Worker cooperatives became important during the Industrial Revolution. Many workers faced hard times and low pay during this era. A man named Robert Owen helped start this movement. He believed workers deserved good environments and education for their children. He successfully used these ideas in New Lanark, Scotland. He also tried to build communities in Orbiston, Scotland, and New Harmony, Indiana.

New harmony vision
New harmony vision

In 1844, the Rochdale Society of Equitable Pioneers changed everything. They were a group of skilled workers in England. They pooled 28 pounds of capital to open a small store. On 21 December 1844, they sold butter, sugar, flour, oatmeal, and candles. They created the Rochdale Principles to guide their work. These rules helped the modern cooperative movement grow very large.

Rochdale Society of Equitable Pioneers 1865 photograph
Rochdale Society of Equitable Pioneers 1865 photograph

Today, cooperatives are known for being very resilient. They often stay open during hard economic times. In France, many worker cooperatives survived the 2008 economic crisis. In Italy, some cooperatives have an 87% survival rate after three years. While they may pay lower wages than some other firms, they offer more job stability. They often choose to adjust wages instead of laying off workers.

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Newcastlebridge
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New harmony vision.jpg
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Newcastlebridge.jpg
File:Worker cooperative states.svg
Worker cooperative states.svg
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