By Liam K. Lynch
In a city becoming increasingly unaffordable and out of touch with the needs of city workers, and an urban society based in consumption, hyper-gentrification, luxury, commercial and tourist real estate, the need for economic alternatives and an offensive strategy to combat unsustainable practices looms large.
A study published earlier this year by the Center for Economic Opportunity revealed that almost half of New York City’s population is living near poverty. Moreover, City Comptroller Scott Stringer reported that over a period of 12 years between 2000-2012, rents increased by over 67%, while real median income dropped by almost 5%. With these numbers playing a real role in the lives of many here in the city, something needs to be done.
Worker-owned cooperatives may be an answer. Continue reading Worker Coops and Labor, Past and Future