Worker cooperatives are businesses owned and operated by the people who work there. In this model, each worker has a say in how the business is run, and profits are shared among all members. This democratic approach encourages collaboration and ensures that everyone benefits from the success of the cooperative.
In a worker cooperative, decisions are made collectively, often through voting. This means that workers can influence important aspects like working conditions, wages, and the direction of the business. By prioritizing the needs of the workers, cooperatives like Mondragon Corporation in Spain have shown that this model can lead to sustainable success and community development.