- 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.
The means of production & labor are very important when making things. It is very important in making factories, tools, machines, etc. An example would be making a pizza. The means of production that go into making a pizza are dough, flour, cheese, sauce, & an oven. Labor is an individual who is doing the work. This can include various types of work, heavy lifting, office filing, cooking, & much more. An example of labor in relation to pizza would be rolling out the dough, shredding the cheese, & putting the pizza into the oven to bake.
- 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 based on the importance on someone or something based on how much it can benefit you. Essentially, the “value” that is given to value is varied on hard work & how much it can contribute to society.
- How are labor and value related? What’s the relationship/connection between the two?
Labor & value have a correlated relationship between the two. In simpler terms, when someone works really hard on a painting, it is highly likely for it to look & be valued much more than a painting that was done in a few minutes. The relationship is the more labor put into something, the more value it tends to hold.
- 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.
The difference between labor & labor power would be the person’s ability to work at all. For example, if a restaurant were to fire the head manager, they would be loosing labor power as they have no one in charge of the restaurant.
- 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 a profit made by the labor of the workers but pocketed by the owner. An example of this would be a business paying workers to make a bunch of product, like a brush, & then selling it & earning more money than what they paid they workers to make it. It is important to know about because it puts into perspective how businesses are set up to keep someone in the working class, in the working class, while high income owners, like a successful business owner, keep getting richer.