1. What is the distinction that Reading 4.3 makes between owners and employees? Give an example of each.
According to the reading the distinction between owners and employers is clear. Employers have to work to live. On the other hand, we have the owning class who are characterized because they have people who make the work for them. An example of this could be the case of a truck driver that works for a company like Amazon. That person has to get up every day and work in order to earn his/her salary. However, Jeff Bezos, who is the owner of Amazon, doesn’t have to be working a certain amount of hours to maintain his business running. That is because workers are doing the hard part for him for a minimum salary that doesn’t compare not even a little with his actual fortune.
2. How do you understand the quote by Adam Smith on pg. 28? What is it saying about labor?
I believe that what this statement means is that labor is what can really stomate the prices of certain goods and services. To me, I think that labor should be the factor that should be evaluated in order to establish prices. As the quote explains ” [It is their real price; money is their nominal price only.”
3. What are your thoughts on the main argument of Reading 4.4 that class is NOT an identity?
I agree with this actually. Before I started reading this article I thought that class has something to do with one’s dentistry somehow. However, when I started going through the reading I realized that it doesn’t. Class is an indicator of one’s income, location, education, and a lot of factors that are the ones that actually determine if we are part of one class or another. Another Thought comes from the next quote ““What you have determines what you get” and “What you have determines what you have to do to get what you get.” (Wright, p 3). That is clearly one of the most important factors that distinguishes a worker from an owner too. Is the fact that we should think about what we all have ro do in order to get our incomes/salary every week. That is precisely, an indicator of our class to me. Just as the article explained, if you have to work to get paid you’re on the other side (the working class one). I also understand that things like gender or race are the only factors that determine one’s class either. Each one could have a little impact in constructing your class but it doesn’t really.
4. How do you understand the argument Reading 4.4. makes when stating that “class structures are built around a close form of dependency”? What is this close form of dependency, and can you think of an example?
To me, it means that class is a huge indicator of how much independent one is. For example, If I am an employer working for a company, I know that I have to stick to my schedule. I have to be on time, and get into my workplace everyday. This in some way is inferring my independence a little bit. If I didn’t have to work, I could perfectly do whatever I want with my day. I could enjoy and live by following my own routine. I wouldn’t have to follow a schedule or anything like that. This is to me, what independence means in this quote.