Comment by Shoue

True, but coops are also more selective about firing and hiring. So if you're a bad fit, you're less likely to end up in a coop, and if you do end up there, you will have more stable employment because coops generally don't fire people during crises, they collectively cut their salaries by a certain percentage, or give up yearly bonuses, and when things get good again, they reinstate their old salaries or bonuses.