Workers Celebrate 20 Years Of Shared Bread And Ownership
By Misty Dawn Spicer-Sitzes for Shareable. Workers in California are taking economic change into their own hands. The Arizmendi Association of Cooperatives is one of the shining examples of how shared ownership empowers workers and builds community. For the past 20 years, the association, comprised of six bakeries, has been innovating the way business is done. What’s its recipe for success? It turns out that it is more than just tasty treats: Each bakery is democratically-owned and governed by its workers.
A worker-owned cooperative is a business in which each employee owns one equal part of the company. They share the profits in the good times, and they share the burdens in the hard times. Worker co-ops can have anywhere from three members to thousands, and they have varying pay scales and job structures.