Inflation Poses Unique Challenges For Worker Co-Ops
Inflation is top of mind for many Canadian small and medium-sized businesses (SMEs) these days. A recent survey of Canadian SMEs found 90 percent of them had been impacted by inflation, and another survey of 500 Canadian accountants revealed inflation as the most significant financial threat to Canadian SMEs. With the vast majority of Canadian worker co-ops being SMEs, it’s reasonable to assume that they’re also feeling these pressures. But delving deeper into the issue suggests that while worker co-ops face some of the same challenges as conventional businesses regarding inflation, how they respond is likely to be different.