1. What is the distinction that Reading 4.3 makes between owners and employees?
In the reading provided, the difference between owners and employees, is described as “…so many squirrels dancing among the elephants.” The imagery paints a cruel picture, and hyperbolizes an extreme gap between the two. The rich, make their wealth off of stocks, bonds, rents, and owning things. Whereas, the employees make their money off of salaries. What separates the two is both the range and size of the wealth they are offered. Owners are privy to a much more vast set of methods of making money. The money they make is larger then the money workers make. And it often comes from the labor of the workers. The difference is that workers labor for gain, whilst owners have others work for them. An example of this, could be seen in a restaurant. The kitchen is worked, by an assortment of workers: chefs, cooking assistants, prep, dishwashers. The floor is ran by hosts and hostesses. And day in and day out, the ensemble cast gruel to keep the restaurant running. From top-to-bottom, knowing the workings of the establishment, in and out. With each gaining their yearly median wage salary. Whereas, the owner of the business, has their face plastered upon the front of the restaurant. They gain the recognition and notoriety associated with the business’ success. Earning top dollar. For work, the owner might not exactly know how to do. Getting their cash from investments and the success of their staff.
2. How do you understand the quote by Adam Smith on pg. 28? What is it saying about labor?
My understanding of Adam Smith’s quote on pg. 28, is that the labor behind a product or service, is what determines the products true weight. I believe that what he was recognizing outside of the nominal price of an object, was the physical price it would take to make the product in the first place. To me, it says that the most important thing about a service, is the effort behind it. And I believe that creating that separation, creates the incentive to reward that effort accordingly. The writer later compared this, to the transformation of a tree becoming paper. And I believe that the salary behind a service, shouldn’t be based around the nominal price of the materials used, but based around the actual amount of effort, used to create the service being purchased.
3. What are your thoughts on the main argument of Reading 4.4 that class is NOT an identity?
From what I’ve read in the document, I agree with the idea, that class is not an identity. From how the idea is presented, it’s presented upfront that class isn’t an identity, but a set of interests. In the world of capitalism, a worker is a worker. The only difference between a surgeon’s assistant, a teacher, and a garbage man, is the amount of money they actually make. But their concerns, still remain the same. “How can I improve my working conditions”. Because, in the nature of capitalism, it’s not higher paid worker versus lower paid worker. It’s worker versus owner. Because the nature of these two positions, fundamentally combat each other. What is good for an employer, isn’t good for an employee, and vice versa. So, while class can certainly play a minor role in someone’s identity. It wouldn’t be considered a marker of a persons identity, because outside of salary, every single worker across the board, is fighting for the same thing.
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 the close form of dependency, and can you think of an example?
The concept of a “worker” gains concept by the concept of a “capitalist”. A worker isn’t a worker, without a firm or workplace to clock into, labor to produce, and a salary to earn. And a owner isn’t an owner without a staff of people working underneath them, generating them money. It’s the existence of both sides, and their conflict over power, that ironically creates both of these, as concepts. Without a worker, an owner doesn’t exist, because there’s no one generating them money. And without an owner, a worker doesn’t actually have anywhere to work. In the restaurant example I was talking about, if the staff and crew stopped existing, the restaurant wouldn’t have even left the planning phse. The owner doesn’t know how to do each workers job. And even f they did, they couldn’t do it at the same rate or efficiency that their staff does it. And if, the owner stopped existing, the workers wouldn’t have anywhere to work, or have a single salary to earn. But, with both sides present, the struggle they have against each other, the workers fighting for more rights and doing their work, and the owners keeping up the restaurant and trying to find a way to short staff, creates what we identify as the capitalist and worker “social class”, that we identify them as.