- Two key concepts in this video are the means of production and labor. In your comment, explain how you understand the means of production and labor. Give an example of each.
Means of production are like the tools and stuff needed to make things, like machines and land. For example, in a bakery, the oven, mixing machines, and ingredients are all means of production. Labor is the work people do using these tools to make stuff, like baking the bread or mixing the dough.
2.Another important concept in understanding social class is value. Based on the ideas presented in Video 5.1, what is value? What give “value” to value, what makes something valuable?
Value is basically how much something is worth, like how important or useful it is to people. In the video, they say it’s mostly about how much work goes into making something. So, the more work it takes, the more valuable it is.
Value is basically how much something is worth, like how important or useful it is to people. In the video, they say it’s mostly about how much work goes into making something. So, the more work it takes, the more valuable it is.
3.How are labor and value related? What’s the relationship/connection between the two?
Labor and value are like best friends because labor makes things valuable. If you spend a lot of time or effort making something, it becomes more valuable. So, when people work hard on something, it becomes worth more to others.
4.How do you understand the difference between labor and labor power? Hint: this is a key difference, give it your best shot based on what the video says about it, and your own ideas. We’ll clarify and develop it in our discussions, and in my video comments.
Labor is the actual work you do, like painting a house or fixing a car. Labor power is more like your ability to do work. So, if you’re really good at painting, that’s your labor power, but when you’re actually painting, that’s your labor.
5.Surplus Value: what is it? Why is it important to know about, in our study of social classes? Think about an example of surplus value?
Surplus value is like when you do a job and your boss pays you less than the value of the work you did. So, if you make a cake that sells for $20 but you only get paid $10, the extra $10 is surplus value. It’s important to know about because it helps us understand how some people make money from other people’s hard work.
