Have you heard of “platform cooperatives?”
In simple terms, it’s what you get when you develop a tech platform using a cooperative, or worker-owned, business model.
Here is an article from YES MAGAZINE highlighting how important they could be…
“Platform co-ops are the leading edge of the cooperative-ownership movement. They extend the cooperative model into the fast-growing “sharing economy,” where they can help increase income equity in the technology sector. As the technology sector sends us hurtling toward a world of robots and artificial intelligence, “technological unemployment” becomes the threat as automation replaces jobs faster than we come up with new work for people to do. We will be left scrambling to find alternative sources of income for average people.”
“Those decreases in salaries, wages, and benefits also increase corporate profitability and the investment income that profitability generates for shareholders. Automation thus shrinks employment income while growing investment income. That means that strategies for radically broadening ownership will play an extremely important role in mitigating the threat of wide-scale declines in income from technological unemployment. That’s why extending cooperatives into the technology sector is so critical and where platform co-ops can play a vital role.”
When Robots Take Our Jobs, Platform Cooperatives Are a Solution
ANOTHER GOOD READ:
9 Working Examples of Platform Cooperatives