The Efficacy of Worker Cooperatives

Source: EconLog
by Siddarth Gundapaneni

“A popular idea today is the concept of worker cooperatives, or co-ops. These are often brought up in discussions regarding mistreatment of workers, and increasingly, c-suite executives allegedly profiting at the expense of the working class. Proponents posit that worker co-ops serve as a means of putting power back into the hands of the working class, and as a result, workers will be made better off. Worker co-ops do currently exist in the American economy, but are rare to come by.” (07/30/22)