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The Federation of Protestant Welfare Agencies (FPWA) presents this report, Worker Cooperatives for New York City: A Vision for Addressing Income Inequality, as an examination of one solution for the challenges facing New York’s workers: worker cooperative businesses. Indeed, the report’s key finding is that worker cooperatives can easily fit into a broad campaign to cope with poverty, long-term joblessness, the growing isolation of low-wage workers and unprecedented levels of income inequality.
COVID-19 has devastated the small business community, and the clock is ticking on permanent shutdowns of small businesses. 45 percent of businesses believe they have less than six months until a permanent shutdown is unavoidable. Tens of millions are still unemployed. Millions of Americans will fall off an “income cliff” when unemployment benefits end.
How Economic Democracy Impacts Workers, Firms, and Communities presents findings from a national survey of 1,147 workers in 82 worker cooperatives and follow-up interviews with 15 participants—the first national survey of its kind. This novel data, collected in 2017, allows us to explore the impact of workplace democracy on individuals, firms, and communities across the United States. It also provides important opportunities for future research about how worker cooperatives can promote resilience and racial equity in this moment.
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