"Ours to Share," a new report published by the Surdna Foundation, examines worker-owned firms and analyzes their potential to create a productive, stable and equitable economy as compared with traditionally structured firms.
The need for this analysis was made clear by the 2007 recession, when financial volatility in the housing market hit lower- and middle-income workers the hardest and left them vulnerable to loss of employment or home foreclosure. This massive, widespread disruption to the American economy presented an opportunity to consider new methods of reversing rising inequality. Surdna sought out a path to buffer workers from future economic crises while offering them a greater degree of control over their jobs.
"Ours to Share" considers the role that worker-ownership is playing, and has the potential to play, in building momentum toward a future of economic security and recovery in the U.S. and globally. Can worker-cooperatives (co-ops) compete with other firms on productivity? Do they actually promote greater income equality? Are co-op jobs more stable and secure?
Our key findings:
Tools such as worker-owned coops will allow the creation of a fairer, wealthier and more stable economy for the future, and provide communities with the means to create their own strong local economies.
Please also see Surdna President Phil Henderson's op-ed "A Simple and Direct Way for Foundations to Tackle Inequality: Promote Worker Co-Ops "
in the Chronicle of Philanthropy.
Fostering sustainable communities in the United States — communities guided by principles of social justice and distinguished by healthy environments, strong local economies, and thriving cultures.