Throughout four deliberation sessions, Assembly Members decided to advance this idea to one of the final borough ballots for New Yorkers to vote on. The idea has been edited by Assembly Members and CEC staff to fit ballot character limits and remove all references to specific institutions and geographies. Here is the final idea title and description as it will appear on the ballot:
Redefining Work: Empowering Communities Through Cooperatives and Stakeholder Markets
- Idea Submission for The People's Money:
- One solution is to empower individuals through education on worker cooperatives, a democratic business model that distributes profits among workers. Simultaneously, creating a dedicated market for cooperatives can provide a platform for these businesses to thrive and compete with traditional corporations. By combining these strategies, we can address wealth inequality, create jobs, and foster economic growth in the Bronx.
- What is the problem your idea aims to address?
- Currently The concentration of wealth has been compared to that of feudalism and slavery. Wealth inequality in NYC is a pressing issue, particularly in the Bronx. This inequality is exacerbated by high unemployment rates and the concentration of wealth in the hands of a few.
- Which groups does your idea focus on? Select all that apply
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Youth (under 24)Older Adults (65 +)Public Housing ResidentsJustice Impacted PeoplePeople with DisabilitiesLimited English SpeakersImmigrants / MigrantsVeteransLGBTQIA+ PeopleParentsUnhoused People
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