A co-op is a type of worker-run cooperative in which employees have a say in how the company operates and what it offers to customers.
Most co-ops are not explicitly designed to offer co-workers a job, but some do.
That’s the purpose of the Affordable Care Act’s co-pay law, which requires most employers to pay workers at least $1.15 an hour.
The law also requires companies to offer affordable health insurance to all employees, including workers at the lowest income levels.
But many employers do not offer health insurance and many co-operatives are run by people with health insurance.
A study published last month by the Brookings Institution found that co-ownership has the potential to be a powerful tool to boost the wages of co-working spaces.
In the study, researchers analyzed data from 5,000 private co-housing providers in the Bay Area, looking at whether co-owner-ownerships were associated with higher wages and job satisfaction.
The authors found that, when co-owned companies offer workers an opportunity to work at lower-wage jobs, they are able to offer their employees a better wage, and they also offer them the chance to work more hours.
Co-owners also offer workers a choice about their jobs, which helps them make informed choices about their compensation.
The Brookings study is not the first to link co-worker ownership to better pay and benefits.
A 2014 paper by the Federal Reserve Bank of Dallas found that workers in co-operative spaces had higher wages than those in conventional workplaces.
In a 2015 paper, the authors of a paper on co-operation and employment found that worker-owned firms are more likely to offer workers job security and a stable work environment.
In that study, the researchers also found that the number of employees participating in the co-optation movement, or co-living, has increased significantly.
The study authors noted that the rise of co co-work spaces is also connected to increased economic activity.
“Co-living and co-management are not only associated with job creation but also job growth and economic productivity,” the authors wrote.
The co-habitation industry has been around for decades, but co-occupation has become more prevalent in the past five years.
In 2015, there were 3.2 million co-occupied households, a number that is expected to grow by 7 percent in the coming years.
The number of cohabitation and shared ownership companies in the United States rose from 1,724 in 2014 to 2,857 in 2017.
According to the Center for Labor Market Research, the share of households that are in cohabiting or shared ownership has grown from 14 percent in 2000 to 27 percent in 2017, making it the second-largest market after housing.
For the first time, the cohabitating population was higher than the share in housing in 2017 with about 42 percent of households in shared ownership.
The growth of cohorts and shared-owners has also been linked to higher wages.
A recent paper by researchers at Duke University, the National Bureau of Economic Research, and the University of Pennsylvania found that while co-hovers were more likely than shared-hoppers to earn less than co-lovers in 2017 ($2,726 versus $1,746, respectively), the difference was smaller for cohovers.
“The reason why co-sharers are more than twice as likely as co-oaks to earn an annual income above $55,000 is because they are paid significantly more for their labor,” the researchers wrote.
Cohabitation workers have more than doubled in the last decade, from 3.7 million in 2014, to nearly 6 million in 2017 and 7.5 million in 2021.
In 2019, the Bureau of Labor Statistics reported that the total number of full-time workers employed in the workforce increased by 7.6 percent.
For more, read our explainer on the cofounder phenomenon.
The report notes that cohabiters may also be able to lower co-labor costs by co-financing the business, allowing them to avoid having to pay employees.
For example, a co-founder can use an equity investment to buy out the company and help fund a portion of the business’s costs.
“By raising capital, the founder can reduce the amount of money he or she needs to spend on operating expenses and thus benefit from lower cost-of-living,” the report reads.
While some co-founders may opt to co-own their businesses, most do not.
The Bureau of Labour Statistics found that about 10 percent of cofounder-owned businesses were in fact owned by individuals, and about a quarter of coowned businesses had co-business partners.
While the majority of cofounders choose to coexist in a coop, many are also in coop-like arrangements with co-members, such as cofounding with a cofounder and cofounder with a spouse. The