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== References == | == References == | ||
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[[Category:Cooperatives]] | |||
[[Category:Libertarian Socialist Wiki]] | |||
[[Category:Libertarian Socialism]] | |||
[[Category:Workers' Self-Management]] | |||
Revision as of 19:46, 29 April 2019
Worker Cooperatives (also called Producer Cooperatives, Employee-Owned Enterprises or Labor-Managed Firms) are cooperatives which produce goods or provide services and are managed by their workers in assemblies or by elected managers. Money gained by the cooperative is reinvested to pay for the operating costs of the business (like bills, rent, taxes, licensing, materials and so on) and then is either equally distributed to workers via shares or is paid based on the amount of time worked in the cooperative.