In the last few years, persistent, high unemployment has taken over as the headline of the Great Recession, driving an urgent need to create more jobs and get Americans back to work. But when the financial crisis first hit, it prompted a wave of anger and criticism against the corporations and financial institutions that own and direct capital across the globe, and its aftermath has continued to expose longstanding fissures in the U.S. on virtually every measure of economic well-being.
The recent upsurge in worker cooperatives in the taxi industry presents a contrast between big opportunities and big risks. Hundreds of new worker owners have come together in just a handful of companies over the last 10 years, which outpaces the growth of worker cooperative ownership in many other industries. The coordinated marketing among what are already legally independent, entrepreneurially minded contractors lends itself to larger entities.