worker cooperative
Democratic workplace enterprise
A worker cooperative is a business owned and democratically controlled by its employees rather than outside shareholders or investors.
Workers share in profits and participate in major decisions, typically on a one-member-one-vote basis regardless of position or investment.
The bakery operates as a worker cooperative where every employee has equal say in hiring decisions.
- profit-sharingDistributing earnings among workers
- shared profitsEarnings divided among stakeholders
- fair wagesReasonable compensation for labor
- shared ownershipJoint holding of property
- grassroots organizingLocal citizen-led collective action
solidarity · employee ownership · mutual aid · collective ownership · consensus-building · self-management · collective bargaining · labor movement · workplace democracy · pooled resources · social justice · sweat equity · credit union · empowerment · community development · board of directors · fair trade practices · inclusivity
- collectivismcollectivism, commune, collective, hivemind, herd mentality
- cooperativesco-op, credit union, housing co-op, co-ops, food co-op
- leftismMarxism, socialism, communism, leftist, socialist
- labor unionsunion dues, trade union, union membership, labor union, union shops
- collective farmingcollective farming, kibbutz, collectivization, communal farming, collective ownership
- Soviet laborgulag, gulags, labor camp, production quota, central planning
worker cooperativesole proprietorship
Unincorporated individual-owned business
private equity firm · hedge fund · franchise · holding company · multinational corporation
worker cooperativesweatshop
Exploitative manufacturing workplace
wage labor · plantation · temp agency · factory system · company town
worker, cooperative, cooperate, worked, working, workable, unworkable, coworker, workman