1. Parenti describes owners as those whose income “comes mostly from the labor of others”, whereas employees not only have to work, but compensation they receive for the value they generate (for owners) are vastly disproportionate. Parenti gives an example where the average private sector employee works 2 hours for themselves versus 6+ hours for the owner/employer.
An example of an owner would be a large corporation like Amazon. Amazon’s income is derived from the physical goods made from others, marketed and sold by employees, shipped by others, etc. Amazon itself doesn’t make or sell anything, yet receives the vast percent of income generated from said workers.
Employees would be the people who do the work of making the goods, marketing, selling, shipping/distributing said goods, but who receive a disproportionate wage from the value of the work done in order for Amazon to make their profits.
2. I’m likely off the mark, but I read that quote as Smith saying there’s no value in any commodity until the labor is accounted for. From the initial stage of making a thing, delivering the thing and getting someone to buy the thing, none of that is possible without labor and thus, labor is the first item of value.
3. I’m in agreement that class is not an identity. To compare class with sex or race, unchangeable traits people are born with, class is an ascribed status by whatever society has deemed it to be, it is a social construct.
4. To risk oversimplifying again, I interpret the idea of class structures are built around dependency as those who have the most can control those who don’t (or have less). If food and water, the bare minimum needed for basic survival, are resources owned by and/or distributed by a corporation or someone wealthy, they can control the flow, location and pricing of these to those that need it. Since everyone needs food and water, that dependency makes them vulnerable to the whims of the owners, who can then also control who or how many people to hire to grow the food, ship and distribute the food, now also creating a dependency for employment
