Essay about New Economy Model and Co-ops

Submitted By lydiette
Words: 619
Pages: 3

English 114
October 2013

New Economy Model

The current economical state of the United States can be compared to a person who has maxed out all of his or her credit cards, and has no practical way of paying the companies back at a timely order. In this day and age, the United States is currently 17 trillion dollars in debt. Although the government has attempted to combat the ever-growing debt by introducing laws and other regulations, it is not a surprise that our essential basics such as education and low-income housing are still going through budget cuts. However, there are a few cities dotted around the nation that have successfully remained financially secure during economic lows. The “New Economy” model has grown more and more in popularity over the years. This is so because the model focuses a lot on benefiting the community and it’s workers. For example, co-ops are all about giving authority to it’s workers. Instead of having a “head boss” that dictates the direction that the company should be moving in, co-ops give the decision making rights to the worker themselves. This is effective because when people have a voice in the business, it gives them a common goal that they not only support, but chase after. A business becomes more personal, and coworkers become business partners. Co-ops give their workers an ability to work together in achieving a common goal. It is about meeting the need of all the workers, rather than the need of a few selected people at the top such has normal businesses do. If a worker is unsatisfied with something that is going on in the business, he or she can bring it up and possibly better the company as a whole. There are a few problems that arise in co-op businesses though. Because this method of business is created to meet the needs of the workers, the success of the co-op is directly correlated to the determination of the workers. Running a successful co-op takes a lot of time and money; more so than that of a regular business. In order to meet the needs of the workers, the workers themselves need to invest a lot more time in working with each other and making sure that everyone is on the same page. Instead of having one boss govern what each person has to do, co-ops are run by several bosses who might have different opinions or views on how…