1.Owners and employees have a dependency relationship , employees depend on owners to obtain their assets and owners depend on employees to stay in business .Although, the economic status is not the same between the employee and employer they both run similar difficulties for example owners compete in the market to stay in business and employees compete with employees to even get a job. Owners have much power over employees because they have the decision-making positions,profit distribution,and ownership of the company while the employees are given instructions to complete different tasks in benefits of a paycheck.
2.In quote “What transforms a tree into a profitable commodity such as paper or furniture is the labor that goes into harvesting”(Smiths.pg28) adam smiths emphasizes how workers don’t get paid enough for their labor, in fact capitalist get the profit that they don’t work for because they have what is called surplus value.Capitalist consist of families that live off stocks,investments,property income ect…compared to the working class they live off wages,salaries,and some government assistance but sadly the working class are exploited their entire life and most of them retire with little to no money to their name.
3.Class should not be considered an identity because it compares the cultural beliefs and morality from the economic status of a specific group .In reading 4.4 it argues that class is not an identity because it is mostly a structural position in the economic system since these classes depend on each other .social hierarchies focus on the prestige a person has in their social class ; from economic wellness or even a social media influencer who seems “economically wealthy”. In contrast, economic classes focus most on the economic dynamic of who has “more wealth”.
4. In reading 4.4 it explains how class structures are built around a close form of dependency because employees depend on capitalist and capitalist also depend on employees.Capitalist depend on employees to stay in business while competing in the market with other companies ;employees depend on capitalist to have a steady paycheck. For example 3rd world countries form a dependency with a much developed country and those developed countries end up exploiting these countries because of their class power.
