Worker cooperatives are a valuable tool for creating inclusive businesses owned by those commonly exploited in the mainstream economy, especially often-abusive domestic work. Worker co-ops pay higher wages than conventional firms while also generating higher profits via increased productivity. They are often transformative for their members and effective at building community wealth.
The New York Women’s Foundation is proud to be a long-time supporter of SCO Family of Services‘s Center for Family Life program, a developer of worker co-ops.
Since 2006, CFL has developed 21 worker cooperatives. Eighty-seven percent of its co-op member-owners are immigrants; 85 percent are women. On average, members of these cooperatives earn over $18 an hour. They also share in annual profits, benefit from labor protections, and develop leadership skills.