Monday, May 4, 2015

Bernie Sanders Wants Co-ops

Bernie Sanders is suggesting a way that we can decrease the corporate greed in America - form co-ops in business.

Today, there are 11,000 worker-owned companies in the United States, and there are up to 120 million Americans who are involved in some form of co-op if you include credit unions in the tally.

The Sanders campaign states:
We need to develop new economic models to increase job creation and productivity. Instead of giving huge tax breaks to corporations which ship our jobs to China and other low-wage countries, we need to provide assistance to workers who want to purchase their own businesses by establishing worker-owned cooperatives. Study after study shows that when workers have an ownership stake in the businesses they work for, productivity goes up, absenteeism goes down and employees are much more satisfied with their jobs.