worker ownership

Worker ownership refers to a system where employees collectively own and control the business they work for. This can happen through cooperatives, where workers share decision-making and profits, or employee stock ownership plans (ESOPs), where employees acquire shares in the company. This model aims to empower workers, giving them a stake in the company's success and enhancing job satisfaction. By having a say in operations and a direct reward from profits, worker ownership can lead to greater collaboration, motivation, and stability in the workplace.