- The distinction that reading 4.3 makes between owner and employees is that the Owners live mostly off of investments while the employees live off of wages, salaries and fees. Their income is also different.
2. I understand that the quote “labor … is alone the ultimate and real standard by which the value of all commodities can at all times and places be estimated and compared. It is their real price; money is their nominal price only” talks about labor being the reason why a company is flourishing. Its not the money that makes the company great its the labor put into it.
3. My thoughts on the main argument that class is not an identity is that social class shouldn’t be an identity at all regardless of race or economic status.
4. i understand the argument in reading 4.4 about “class structures are built around a close form of dependency” by understanding that being a “worker” means that you are dependent on your firm for a job. This close form of dependency is that the worker needs the employer as much as the employer needs workers.
