This Forbes.com article ended by citing the work our own Carmen Huertas-Noble and others are doing in New York City to develop worker cooperative businesses:
The best answer to our problem is unrelated to the law. The law changes at a glacial pace and is easily perverted. New York City recently funded $1.2 million to support worker cooperatives. Worker cooperatives are businesses that are owned by its employees. Common examples of this concept are law and accounting firms. Carmen Huertas-Noble, Director of the Community & Economic Development Clinic at CUNY Law, and John Whitlow, Supervising Attorney of the Community & Economic Development Clinic at CUNY Law are national leaders helping balance employment opportunities and preventing wage theft through entrepreneurship.
Huertas-Noble and Whitlow helped Cooperative Home Care Associates, a worker cooperative for a group of nurses and aids that provides home care for the elderly and needy, and other similar companies lobby the City to support and encourage worker-led businesses. These companies provide jobs, fuel the economy and are inherently incentivized to treat their employees (owners) fairly. Entrepreneurship is sometimes associated with greed and cronyism, but it’s refreshing to see these entrepreneurs break the stereotype.
Read the article from Forbes.com.