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Worker Ownership

How A Cincinnati Preschool Became Worker-Owned

Mt. Airy, Ohio - Katie McGoron founded Shine Nurture Center — a childcare and preschool in Mt. Airy, Ohio, a suburb of Cincinnati — in 2015. She envisioned a small, closely knit childcare center where kids would play outside and eat healthy food. That’s exactly what she built over the last seven years. But when she decided to go back to school and start a new phase of her life, she did something unexpected. Rather than sell her business to the highest bidder, she sold it to five of her workers, turning it into a worker cooperative. The transition process concluded last month when ownership was officially transferred from McGoron to Shine workers, thanks in large part to the help of Co-op Cincy.

Baltimore Is Democratizing The Economy, One Pint At A Time

On your first day working at Taharka Brothers, a majority-Black-owned ice cream maker in Baltimore, you can join the flavor committee and help create flavors like the limited holiday edition Sweet Potato Crumble. Or you can join the social justice committee and vet local organizations to support through ice cream sales, like the Baltimore Action Legal Team. If none of those are to your liking, there are other committees you can join. If you work there for at least 15 months and earn top marks on your most recent performance review, you can become a part-owner of Taharka Brothers, and have not just a say but also a final vote on major business decisions and policies like those performance reviews.

The Economics Lesson Taught By The Pandemic

On this week’s show, Professor Wolff explains that in countries where the government is respected and empowered, such as New Zealand, Taiwan and Cuba, among others, the COVID-19 pandemic has been effectively contained. Alternately, where the government is demonized, disrespected and distrusted, such as in the UK and the US, the pandemic has been devastating. Prof. Wolff argues that a rational economy includes both private businesses (regulated by the government to different degrees) and state-owned and operated enterprises, depending on which performs best to meet the needs of society. Moreover, besides the question who owns certain enterprises, the way in which they are internally organized (hierarchically or horizontally / worker-owned) is equally important.

Pandemic Crash Shows Worker Co-ops More Resilient Than Traditional Business

While we have no way to know yet the full extent of the economic fallout from the COVID-19 pandemic, by all accounts it could be as bad — if not far worse — than the 2008 crash. In fact, in terms of unemployment alone, the numbers are already staggering: more than 33 million jobs have been lost so far in the U.S. during the coronavirus shutdowns, compared to the roughly 8.6 million lost in the Great Recession. Following that crisis, many working people turned to the worker cooperative model as a way to build economic resiliency and stability for themselves. In the decade after 2008, the number of worker-owned cooperatives in the United States nearly doubled, increasing from 350 to 600. I know, because I am a member of one of those cooperatives that formed: The TESA Collective, which creates tools and games for social change.
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